- Introduction of a carbon tax with a gradual increase of taxes on fossil fuels as well as the imposition of environmental taxes to achieve environmental objectives
- Adjustment of VAT rates based on the recent ECOFIN decision, especially for products or services related to public health and the green and digital transition
Source EY
Latest Posts in "Cyprus"
- Cyprus VAT Guide 2025
- Cyprus Extends VAT Filing Deadline to August 27 Due to Tax Portal Downtime
- Cyprus Amends VAT Rules for Virtual Events: Customer Location Determines Taxation from 2025
- EU Initiates Infringement Procedure Against Cyprus for Incomplete VAT Directive Transposition
- EU Initiates Legal Action Against Cyprus and France for Failing to Implement Key Customs Systems
