Cypriot government cuts VAT rate on essential goods

30 May 2023

In May 2023, the Cypriot government approved a temporary reduction on the 5% and 19% VAT rates applied to certain essential goods.

It confirmed that the VAT rate will be reduced from:

  • 5% to zero for milk, bread, eggs, and baby food.
  • 19% to 5% for detergents, fabric softeners, toilet paper, baby and adult diapers, and cleaning supplies.

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