| Update: | Compliance Alert - Extension of temporary application of zero VAT rate |
| Date: | 2024-07-22 |
On 28 June 2024, the Cyprus Tax Department announced the approval of the extension of the temporary application of zero VAT rate on certain goods until 30 September 2024 by the Council of Ministers.
The zero VAT applies to bread, milk, eggs, coffee, sugar, certain meats, and specified vegetables. The extensive list of these basic foodstuffs can be read in the Compliance Alert on the Extension of the temporary application of a zero VAT rate.