Cyprus: Zero VAT on specific goods extended to September 30, 2024; postponement of VAT objection submissions through TFA portal
The Decree of the Council of Ministers extended the application of a zero VAT rate on specific goods.
Decree of the Council of Ministers K.D.P. 231/2024 (dated June 28, 2024) extended to September 30, 2024, the application of a zero value added tax (VAT) rate on the following specific goods:
Effective since May 5, 2023
- Bread
- Milk
- Eggs
- Baby food
- Baby diapers
- Feminine hygiene products
- Adult diapers
Effective since November 1, 2023
- Coffee
- Sugar
Effective since December 1, 2023
- Fresh, chilled, or frozen meat
- Fresh or chilled vegetables
Postponement of VAT objection submissions through TFA portal
The tax authority on August 26, 2024, also announced that the submission of VAT objections through the Tax For All (TFA) portal—originally scheduled for September 3, 2024—has been postponed. VAT objections must be submitted using the current procedure until further notice, and the tax authority will issue a new announcement to communicate the revised date for submitting VAT objections through the TFA portal.
Read a September 2024 report prepared by the KPMG member firm in Cyprus