- Cyprus government extends zero rate VAT on basic goods
- Extension is in response to rising inflation and negative effects on residents
- Originally set to conclude on 31 October 2023
- Reduction covers goods subject to both standard 19% VAT rate and reduced 5% VAT rate
- Extension now lasts until 30 April 2024
- Sugar and coffee added to list of zero rate VAT items
Source: kofax.com
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.
Latest Posts in "Cyprus"
- Cyprus Extends 0% VAT on Essential Goods Until December 2026 to Aid Households
- 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
