The European Commission has released its infringements package for June 2023. With respect to taxation, the main issue is for Cyprus, which has been sent a reasoned opinion regarding compliance with the VAT rules for dwellings. --- Reasoned opinion Taxation: Commission calls on CYPRUS to comply with EU VAT rules for dwellings Today, the European Commission decided to send a reasoned opinion to Cyprus (INFR(2021)2093) for its failure to properly apply EU VAT rules for dwellings purchased or constructed in Cyprus. Cyprus allows a reduced rate of VAT of 5% on the first 200m2 of dwellings used as the principal...