Cyprus Implements Temporary Zero VAT Rate on Meat and Vegetable Supplies

• The Department of Taxation in Cyprus has announced a temporary zero VAT rate on meat and vegetables.
• This rate will be applied from 1 December 2023 to 31 May 2024.
• The zero rate applies to specific categories of meat and vegetables, including fresh or frozen meat, poultry, and various types of vegetables.
• The announcement is based on a decree from the Council of Ministers dated 17 November 2023.
• The aim of the zero rate is to promote the consumption of these essential food items.

Source: kpmg.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.

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