The Council of Ministers extended the zero value added tax (VAT) rate measure for another six months. The extension was granted as the existing term expires at the end of October.
Products subject to a reduced VAT rate include:
- All types of bread, fresh or frozen, with or without sourdough (e.g., white, black, wholemeal, multigrain, rustic, rye, cornbread, baguette, ..
Source: KPMG
Latest Posts in "Cyprus"
- Cyprus Clarifies VAT Rates for Events Combined with Restaurant or Catering Services
- Tax Authorities Clarify VAT Rates Applicable to Admissions for Different Events
- Cyprus Clarifies VAT Rates for Admissions to Cultural Events, Restaurants, and Performances
- Cyprus Extends Zero VAT on Essentials Until End of 2026
- Cyprus VAT Guide 2025
