- 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 Introduces Temporary Zero VAT on Meat and Fish to Tackle Inflation, April–September 2026
- Cyprus Extends VAT and VIES Filing Deadline to April 20, 2026 Due to Easter Holidays
- Cyprus Lowers VAT on Residential Electricity to 5% from May 2026 to March 2027
- Zero VAT on Meat, Poultry, and Fish Brings Positive Impact, Says Cyprus Agriculture Minister
- Cyprus Implements DAC8 Crypto Reporting Rules, First Submission Due June 2027
