Cyprus to introduce a VAT rate of 3% using the new EU freedoms on reduced VAT rates

28 June 2023

The Cypriot government has proposed the introduction of a new reduced VAT rate of 3% on the following supplies: 

  • Books, magazines, and similar products, whether provided physically or in electronic form.
  • Stairs, lifts, and wheelchairs for persons with disabilities.
  • Orthopaedic devices.
  • Street cleaning and dog collection services.
  • Wastewater disposal and treatment.
  • Entry to the debut of theatrical, musical, dance or classical performances.

There is currently no proposed implementation date if this new rate is accepted.

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