The zero VAT rate for basic necessities will be extended for a further another six months, while coffee and sugar have been added to the list of products, Finance Minister Makis Keravnos announced on Wednesday.
Speaking after the Council of Ministers meeting, he said the extension was granted as the current validity period ends at the end of October.
Source: cyprus-mail.com
Latest Posts in "Cyprus"
- 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
- Commission Urges Cyprus to Fully Transpose VAT Rates Directive