Temporary reduction of VAT rate

Thursday, 30th July 2020 | 10:00 a.m. – 11:00 a.m

Thursday, 30th July 2020 | 10:00 a.m. – 11:00 a.m


Webinar Overview

According to the recently issued Decree Κ.Δ.Π.268/2020, the VAT rate for accommodation, restaurant/catering and passenger transport services is reduced from 9% to 5%, for the period from 1 July 2020 to 10 January 2021.

The VAT rate reduction might create challenges for businesses involved in related activities; overcoming those challenges swiftly would be essential.

This webinar provides a general overview of the fundamental legal principles for applying the correct VAT rate and offers the opportunity to address queries from you own business practice.

Our experts will also explain how you can manage certain challenges over the near term and potentially benefit from the VAT rate reduction.


The following main topics will be addressed: 

  • General legal basis
  • Special rules concerning payments received and invoices issued before or after the amendment
  • Practical advice through examples
  • Questions and answers


This webinar is addressed to CFOs, Financial Managers, Chief Accountants, Accountants, Assistant Accountants and professionals responsible for financial matters and/or the VAT affairs of the business. 


To register for the webinar, RSVP by 24th July with your Name, Company name and Position:
 +357 22 209 260 or at christiana.papaeleftheriou@kpmg.com.cy

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