Cyprus Reduces VAT on Electricity to 9%, Offering Relief to 500,000 Households

• VAT on electricity in Cyprus reduced from 19 percent to 9 percent
• Effective from April 1, 2025, to March 31, 2026
• Benefits around 500,000 household users
• Example savings: 800 KWh usage sees a reduction from 246 euros to 225 euros
• Higher usage households save more
• EAC proceeding with a new tender for generators
• Previous tender canceled; Terna and Avax expected to participate
• Aim to install two 40 KWh units by summer 2026

Source: ekathimerini.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.

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