Zero rate for services closely connected to the supply of Covid-19 diagnostic medical devices

Schedule 6 of the Cyprus VAT Law which defines the transactions which are subject to the zero VAT rate, has been amended to include services that are closely related with the supply of diagnostic medical devices in vitro and vaccines for Covid-19.

The amendment of the Law has a retroactive application from 23 December 2020 and extends the scope of the application of the zero rate of VAT to include in addition to the supply of in vitro diagnostic medical devices and vaccines for Covid-19 disease, the supply of services closely related to the supply of these goods. The zero rate will apply up to 31 December 2022.

Source PwC




  • VAT
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