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
To read the open letter in Greek please click here
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