Cyprus: VAT exemption for specific training services
Amendment to VAT law extending the VAT exemption to services supplied by specific training providers
Amendment to VAT law extending the VAT exemption
An amendment to the value added tax (VAT) law extending the VAT exemption to services supplied by specific training providers was published in the official gazette on 13 October 2023.
The relevant amendment added a new category of VAT-exempt services for education of all levels, vocational training, retraining, as well as supply of services and of goods closely related thereto, by “training providers, including vocational training centers, certified by the Cyprus Human Resources Development Authority (HRDA).”
As specified on the official website of the HRDA, the categories of applicable certifications are:
- Vocational Training Centers
- Vocational Training Premises
- Vocational Training Instructors
Read an October 2023 report prepared by the KPMG member firm in Cyprus
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