Cabinet approves VAT reduction from 5 to 3 per cent for selected items and services
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...
Value Added Tax
Reduced VAT on first homes passed into law (Updated)
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...
List of products with reduced VAT rates to expand
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...
Cyprus has two months to address VAT shortcomings
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...
Our View: EU Commission is right to put an end to VAT cut abuse
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...
Bill for reduced VAT on first homes to go to plenum June 8
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...
Plenum to discuss reduced VAT on first homes in June
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...
Government may lower VAT on more products, says finance minister
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...
Discounted VAT on first homes discussed again in parliament
Parliamentarians on Monday again discussed a government bill on discounted VAT on first homes, with some expressing the hope the legislation would – finally –...
Hotline for consumers to report businesses launched
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...
