The government has extended the 0% VAT rate for essential products until 30th of June 2024 to reduce the burden on families and individuals. The essential products covered by this extension include bread, milk, eggs, baby food, baby diapers, feminine hygiene products, adult diapers, coffee (excluding ready-made drinks), sugar, and fresh or chilled meat and vegetables. This initiative aims to support households during challenging times and provides an opportunity for businesses and consumers to benefit from reduced costs. Stay tuned for updates and feel free to reach out if you have any questions about the VAT extension.
Source Ms. Demetra Constantinou – Kinanis
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
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
