- The zero VAT rate on certain essential items (e.g., baby milk, sanitary products, specified fruits and vegetables) is extended until 31 December 2026.
- The VAT rate for construction and renovation of buildings used by public and private educational institutions is reduced from 19% to 5%.
- The reduced VAT rate applies to buildings used for VAT-exempt educational activities and related services, including training, clinical practice, and courses by visiting professors, as recognized by the Tax Commissioner.
Source: taxathand.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 Zero Percent VAT on Baby Milk, Diapers, Hygiene Products, Fruits, and Vegetables
- Cyprus Extends VAT Exemption Election Deadline for Commercial Real Estate Lessors to March 2026
- Cyprus Extends 0% VAT on Essential Goods, Including Baby and Hygiene Products, Until End of 2026
- Role of Fiscal Devices in Ensuring Tax Compliance and Transparency in Cyprus
- Cyprus extends Zero-VAT relief on essential goods through 2026
