Cypriot government extends VAT rate cuts on essential goods until April 2024

• The Cypriot government has extended the temporary reduction on VAT rates for essential goods.
• The reduction will be in effect until 30 April 2024.
• The VAT rate for milk, bread, eggs, and baby food has been reduced from 5% to 0%.
• The VAT rate for detergents, fabric softeners, toilet paper, baby and adult diapers, and cleaning supplies has been reduced from 19% to 5%.

Source: fiscalsolutions.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.