Government Reconsiders Tax on High-Value Real Estate in Wake of Fiscal Reform

by THEFUTURE.TEAM

December 10, 2025

Evaluating Tax Measures for Properties Exceeding €3 Million

In a signal move following the recent tax reform, the Ministry of Finance is set to reassess the prospect of levying a tax on real estate assets valued over €3 million. Finance Minister Makis Keravnos announced during a session before the Finance Committee that this potential measure will be carefully studied once the ongoing fiscal reforms have been fully implemented.

Context and Historical Precedents

The discussion was prompted by a legislative proposal submitted by the political party AKEL, which advocated for a 0.1% levy on properties exceeding the specified threshold, a suggestion also backed by the Centre for Economic Research. Although this tax measure was part of earlier proposals, it was not adopted by the government, notably as a similar tax had been abolished a few years ago. Moving forward, authorities will reexamine the feasibility of administration by local governments.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Corporate Tax Adjustments and Policy Timing

Alongside the real estate tax, questions arose pertaining to a graduated fee on companies—another strategy endorsed by the Centre for Economic Research during the design phase of the tax reform. However, the government determined that in the midst of sweeping tax changes affecting businesses, the imposition of an additional corporate fee might complicate rather than clarify taxation policy.

Challenges in Pension Funds and Cryptocurrency Regulation

Addressing another facet of fiscal policy, Minister Keravnos commented on the investment activities of pension funds. He noted that the European Commission has observed that exempting these funds from taxation amounts to a form of state aid, a matter that may prompt further explanations to the EC. Regarding tax adjustments for cryptocurrency transactions, the minister emphasized that elevating the rate from 8% to 15% is less about the tax rate itself and more about the challenges involved in accurately tracking these assets. He also highlighted that an upcoming regulatory framework from the European Commission is expected to be adopted by Cyprus.

This evolving fiscal landscape underscores the government’s careful balancing act between stimulating business confidence and ensuring equitable taxation practices in a rapidly changing economic environment.

The Future Forbes Realty Global Properties

Cyprus Crypto Users Face New Risks As MiCA Rules Take Effect

by News Editor

August 18, 2026

Why Investors Need To Check The Company Behind Their Crypto Platform

Crypto users in Cyprus are being urged to verify exactly which company holds their assets after the EU’s Markets in Crypto-Assets Regulation (MiCA) transition period ended on July 1, 2026.

MiCA rules for crypto-asset service providers have applied since December 2024, but Cyprus allowed companies operating under its previous national framework to continue temporarily. CySEC required providers wishing to remain in the market to apply by February 27, 2026.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The end of the transition means that appearing on an old national register is no longer enough. Investors must check the specific legal entity providing the service and the activities it is authorised to perform.

Two Regulatory Routes

CySEC maintains separate registers for providers authorised under Article 63 and companies using the Article 60 notification route.

The lists should not simply be treated as a count of licensed crypto exchanges. Providers have different regulatory statuses and may be authorised for different services, including custody, transfers, exchanges or operating trading platforms.

Companies authorised elsewhere in the EU can also serve Cypriot customers through MiCA passporting. Investors should therefore check the wider ESMA register.

Familiar Brands Can Still Be Used In Scams

MiCA authorisation applies to a specific legal entity, not automatically to every website, subsidiary or service using the same brand. Fraudsters can copy a legitimate company’s name, logo and licence number while changing its website or payment details.

The regulatory transition creates another opportunity for scammers. They can imitate legitimate notices about account closures or transfers and claim that customers must urgently move their assets to a new “regulated” platform.

In its July announcement, CySEC warned that customers using unauthorised providers do not receive MiCA protections and advised investors to verify providers through ESMA.

A Wider European Shake-Up

The changes affect the broader European crypto market. VASPnet estimated that more than 1,700 unlicensed crypto companies could face closure, relocation or restructuring after the transition period.

ESMA’s register contained 323 authorised providers at the end of July, while TRM Labs identified 1,343 operating providers in the European Economic Area on July 1, including 281 with MiCA authorisation. The different figures reflect different methodologies, but point to a substantial number of providers operating without the new authorisation.

ESMA instructed unauthorised companies to stop accepting new EU customers, opening accounts and marketing their services, while allowing limited activity needed for an orderly withdrawal.

What Investors Should Check

MiCA introduces common requirements for areas such as governance, disclosures and safeguarding client assets, but it does not make crypto investments risk-free.

For Cyprus users, the key questions are which legal entity provides the service, what it is authorised to do and whether the website or contact details are genuine.

Requests to transfer assets urgently, pay recovery fees, reveal private keys or install remote-access software should be treated as red flags. MiCA may bring greater clarity to the market, but the transition has also created a new opportunity for criminals to exploit a very real regulatory change.

Breaking news