- Cyprus issued Decree No. K.D.P. 167/2026, changing the VAT schedule for certain electricity supplies.
- The reduced VAT rate for electricity to private residences, public assistance recipients, and thermal energy storage systems is lowered from 8% to 5%.
- The new VAT rate applies from May 1, 2026, to March 31, 2027.
Source: news.bloombergtax.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 Reduces VAT to 9% on Residential Photovoltaic Systems
- Cyprus Extends Zero VAT Rate on Baby Products, Hygiene Items, Fruit and Vegetables Until End-2027
- Cyprus approves temporary 0% VAT on essential goods
- Cyprus: Zero VAT Rate Applied to Essential Goods Until May 2027
- Cyprus Launches €25 Million VAT Case Over Abramovich-Linked Luxury Yacht
