#Value Added Tax (VAT)

Finance Minister Makis Keravnos on Wednesday announced that the government will extend the application of a reduced value added tax rate for home electricity consumption for another year. Speaking after ...

It was inevitable that Akel would start protesting as soon as it became known that that government would not extend the duration of the measures that were implemented to help ...

The cabinet on Thursday green-lit changes to the legislation governing Value Added Tax (VAT) cutting the applicable 5 per cent rate down to 3 per cent on certain items and services, as ...

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing for a reduced VAT rate of 5 per cent levied on first ...

The finance ministry is in the final stages of preparing the list of products for which it is seeking reduced rates of VAT to ease the cost-of-living challenges. Indeed, the ...

The European Commission on Thursday called on Cyprus to comply with the EU VAT rules for dwellings. The Commission decided to send a reasoned opinion to Cyprus for its failure ...

The European Commission has informed the government that it does not accept the formula put together by the parliamentary parties for VAT on the construction or purchase of a primary ...

Parliamentarians on Monday sounded upbeat that legislation regulating which homes would be eligible for reduced VAT will go to the House plenum for a vote on June 8. The ‘sweet spot’ – ...

A bill providing for discounted VAT on first homes will be going to the House plenum for a vote in early June, parliamentarians said on Monday – bringing to a close ...

Finance Minister Makis Keravnos said on Monday that they are working towards lowering the VAT rate in general in Cyprus, adding that the government would mostly likely also further extend ...

Parliamentarians on Monday again discussed a government bill on discounted VAT on first homes, with some expressing the hope the legislation would – finally – go to the House plenum for a ...

A hotline has been launched by the Consumer Protection Service for people to report businesses failing to abide by reduced VAT on certain goods, an announcement from the trade ministry ...

The VAT cuts on seven categories of products go into force today. This is a measure taken by the government, as a way of helping people cope with the surge ...

Stores will be required to carry out stock counts on the zero VAT consumer goods, the finance ministry said ahead of the introduction of VAT reductions on Friday. Cabinet on ...

Officials should monitor and report any retailers not meeting consumer expectations regarding zero VAT on certain goods, consumer association head Marios Drousiotis said on Wednesday, following the previous day’s ...

Alcoholic or non-alcoholic drinks consumed in bars, entertainment venues, cafes, beer halls and clubs, will now be subject to a lowered VAT, Commissioner of Taxation Sotiris Markides, announced in a ...