- Cyprus will no longer have a 0% VAT rate for basic food and women’s hygiene products after September 30, 2024
- The VAT rate will return to 5% starting October 1, 2024
- The reduction to 0% VAT was introduced in May 2023 as part of the government’s “Anti Inflation Shield” initiative.
Source: meridianglobalservices.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.
