Property  

Property Purchase/Renting Last Updated 28 May 2026

If you are renting out your property in Northern Cyprus, you are obligated to pay taxes.

Any rental agreement must be registered with the Tax Office, and stamp duty must be paid.

Generally, stamp duty is payable by the tenant. When stamping the tenancy agreement, the Tax Office calculates the total rental value for the entire term of the agreement, including any deposit paid and any additional payments stated in the contract (such as maintenance fees).

The stamp duty rate is 0.5% of the total value of the tenancy agreement.

The tenancy agreement must be registered within 30 days from the date of signing or from the commencement date of the tenancy, whichever is earlier.

To register a Tenancy Agreement, the tenant or landlord must visit the TRNC Tax Office with the following documents:

• Tenancy Agreement that has been signed by both parties and two witnesses;
• Tenant(s) passport copy;
• Landlord(s) passport copy;
• A copy of title deed or stamped contract of sale.

The tax rate for any rental income is

8% (if rental payment is in Turkish Lira);

13% (if rental payment is in GBP, EUR or USD).

When making payment at the Tax Office, you will also be required to complete the V.D.91 form, which will be provided on-site.

According to the Tax Office, currently, the tax must be paid by the 15th of the subsequent month after the contract is signed. Alternatively, for the entire rental period, payment can be made immediately upon contract registration.

***From the 1st of January 2025 onwards, all rental payments for either business or residential premises must be paid via a bank (this includes paying cash into a bank, a cheque, EFT, by card, credit card or through internet banking.  ***

You must notify the Tax Office if any rental contract is terminated before its full term. Otherwise, any unpaid tax will continue to accrue. In addition, penalties will be imposed for non-payment. Your property cannot be sold/transferred if there are outstanding Tax Office debts

Please note that copies of the relevant forms and declaration can be obtained from your local Tax Office.