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Introduction Of A Super-Reduced Rate And Application Of The 0% Rate

On 15 June, the Cypriot government proposed the introduction of a new super-reduced rate of 3% to support vulnerable people and boost culture.

This bill was approved by Parliament on 13 July 2023, with the addition of a change to the application of the 0% VAT rate to certain products used by people with disabilities.

Source: asd-int.com

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