Cyprus Provides Temporary Zero VAT Rate for Basic Goods and Extends Zero Rate for COVID Tests and Vaccines

The Cyprus Tax Department has announced the temporary application of the zero VAT rate on basic goods, which was approved by the Council of Ministers on 2 May 2023. The zero rate applies for all types of bread, milk, eggs, baby food, baby diapers, feminine hygiene products, and adult diapers until 31 Oct…