| Update: | Compliance Alert - Extension of temporary application of zero VAT rate |
| Date: | 2024-05-06 |
On 29 April 2024, the Cyprus Tax Department announced the approval of the extension of the temporary application of zero VAT rate on certain goods until 30 June 2024 by the Council of Ministers.
As of 5 May 2023, the zero VAT rate has been applied for all types of bread, milk, eggs, baby food, baby diapers, products for feminine hygiene protection, and adult diapers.
As of 1 November 2023, the zero VAT rate has been applied for all types of coffee (excluding ready drinks or coffee-based beverages consumed cold or hot) and sugar.
As of 1 December 2023, the zero VAT rate has been applied for fresh, chilled, or frozen meat and fresh or chilled vegetables.