The Cyprus Mail published two articles on 6 and 7 January.  Having read them both here is a brief summary. Full story

Cyprus Mail, Published on January 6, 2010 THE MINSTERS of Finance and Interior yesterday sought to quell concerns over an adjustment to Immovable Property Tax (IPT) saying the higher ceiling would apply only to real estate worth €1 million and over, but would not be applied to those owners actually living in these properties. Currently IPT is charged ... Full story