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Learn moreCyprus: Temporary zero VAT on specific goods extended to 30 June 2024
Temporary application of zero VAT rate on specific goods has been further extended to 30 June 2024
The temporary application of a zero value added tax (VAT) rate on specific goods (which previously fell under either the standard VAT rate of 19% or the reduced VAT rate of 5%) has been further extended to 30 June 2024.
Goods falling under the zero VAT rate:
Effective since 5 May 2023 up to 30 June 2024
- Bread
- Milk
- Eggs
- Baby food
- Women's hygiene products
- Diapers for infants
- Adult diapers
Effective since 1 November 2023 up to 30 June 2024
- Coffee
- Sugar
Effective since 1 December 2023 up to 30 June 2024
- Fresh, chilled or frozen meat, and edible meat offal
- Fresh or chilled edible vegetables and certain roots and tubers
Read an April 2024 report prepared by the KPMG member firm in Cyprus
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.