Cyprus Mail
CyprusFeatured

Cabinet approves VAT cut on electricity bills

electricity wires

The cabinet on Monday approved cuts in VAT on household power bills as part of its policy to tackle the fallout from the rise in the price of electricity.

According to deputy government spokesperson Niovi Parisinou, the cabinet approved a decree cutting VAT for vulnerable groups (tariffs 08 and 56) from 19 per cent to 5 per cent for six months. The reduced rate applies to bills from November 1.

The decree also cuts VAT for household tariffs 01, 02, and 56, from 19 per cent to 9 per cent for three months starting November 1.

The decree will come into effect as soon as it is published in the government gazette.

 

Related Posts

Prices continue to rise in November, sugar up 16%

Andria Kades

BirdLife gains ‘Safe Haven’ for birds

Jonathan Shkurko

Energy security, climate change and geopolitics

Dr Charles Ellinas

Police begin crackdown on drunk and high drivers

Staff Reporter

Voters lists for archbishopric elections to be distributed on Monday

Staff Reporter

The problem with hunters: close encounters of the unpleasant kind

Iole Damaskinos