Cypriot government extends VAT rate cuts on essential goods

29 September 2023

The Cypriot government has extended the temporary reduction on the 5% and 19% VAT rates applied to certain essential goods until 30 April 2024.

The VAT rates have been reduced from:

  • 5% to 0% for milk, bread, eggs, and baby food.
  • 19% to 5% for detergents, fabric softeners, toilet paper, baby and adult diapers, and cleaning supplies.

Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.

We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.

Get in touch

Let us solve your current business VAT challenges

CONTACT US
LATEST NEWS

Finland reproposes revision of reduced VAT rates

The Finnish government has reproposed classifications of its reduced VAT-rated supplies in its 2024 budget proposals. It has proposed:  A VAT rate rise from...

SEE MORE
VAT news
LATEST NEWS

Spain extends zero VAT rating on essential food items...

The Spanish government confirmed it will continue to apply the temporary zero rate of VAT to basic foodstuffs up until at least 30 June 2024. The temporary...

SEE MORE
VAT news
LATEST NEWS

Latvia to introduce mandatory e-invoicing for B2B and...

Latvia’s Ministry of Finance is proposing to introduce a mandatory electronic invoicing regime for business to business and business to government...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.