- Zero VAT rate on essential goods (baby milk, diapers, women’s hygiene products, fresh vegetables, and fruits) extended until December 31, 2026.
- Reduced 5% VAT rate introduced for construction and renovation of buildings used for VAT-exempt educational activities.
- The reduced VAT rate excludes private tutoring institutes, afternoon schools, and non-exempt educational activities.
- Clarification is awaited for mixed-use educational facilities from the Cyprus Tax Department.
Source: kpmg.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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