One of the following three tax rates will be applicable to your purchase.

1) 7% TRANSFER TAX (I.T.P.) payable by the buyer for the purchase of any Real Estate (villas, flats, land, commercial premises, garages), provided the vendor is not a developer or normally trading in the business of resales.

or

2) 8 % (7% VAT and 1% STAMP DUTY) for any VILLA, APARTMENT or GARAGE annexed to an apartment where the vendor is a developer, promoter or habitual trader in these properties..

or

3) 17% (16% VAT and 1% STAMP DUTY) for PLOTS OF LAND, COMMERCIAL PREMISES, or COMMERCIAL GARAGE SPACES, where the vendor is a developer, promoter or habitual trader. This covers virtually all NEWLY URBANIZED LAND PLOTS and NEWLY BUILT COMMERCIAL PREMISES, and resales only where the vendor falls in one of the above categories.