Cyprus: End of reduced excise taxes on certain fuels, VAT on certain products

Reduced excise duty on heating oil ends on 1 April 2024

Reduced excise duty on heating oil ends on 1 April 2024

The reduced excise duty of 8.33 cents per litre on petrol 95 and diesel and 6.39 cents on heating oil ends on 1 April 2024. Read TaxNewsFlash

In addition, the value added tax (VAT) subsidy for nine specific categories of products ends on 30 April 2024 and for the two categories of meat and vegetable products ends on 31 May 2024. Read TaxNewsFlash

Read a March 2024 report prepared by the KPMG member firm in Cyprus




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