With an open letter explaining the legislative formula for property taxation, Mr. Andreas Neocleous, Chairman of Andreas Neocleous & Co LLC, has analysed the three basic pillars upon which the Ministry of Interior has relied for the proposed new legislation regarding property taxation. Specifically, Mr. Neocleous analyses the legal, financial and practical dimension of the issue and is confident that the legislation as proposed adheres to the basic principles of simplicity and efficiency. Mr. Neocleous concludes that in order for the legislation formula to work, legislators should avoid the danger of introducing complicated and impractical procedures.

To read the open letter in Greek please click here

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