Cabinet approves zero VAT on basic items
The cabinet on Tuesday approved zero VAT on certain consumer goods, in a stated bid to provide some relief amid current inflationary pressures. The zero...
VAT
Government mulling reduced VAT for basic necessities (Updated)
It is unclear how effective government machinations to reduce the VAT on necessary goods will be, following reports on Wednesday that authorities are looking to...
Our View: House insists on trying to fool EU on VAT on properties
It is quite astonishing how the political parties are pretending not to understand the issue of reduced VAT on the purchase of a primary residence,...
EU gives Cyprus until end of March for VAT change on homes
Lawmakers on Monday revisited the issue of reduced VAT on homes, with some trying to instill a sense of urgency on the matter as the...
Cyprus must find ‘golden ratio’ with new minimum tax rate
Partner and head of international tax services at advisory and consulting firm PwC Cyprus Stelios Violaris recently examined the adoption of the minimum tax rate...
Cyprus Business Now
Cyprus VAT Association (Cyva) president Demetra Constantinou this week provided a summary of the benefits, services, and the reason for establishing the association. Constantinou stated...
Cabinet extends reduction on fuel prices to January (updated)
Cabinet on Friday extended a cap on the consumption tax imposed on fuel at the pump until January 15, 2023. The cabinet meeting, chaired by...
Searching for compromise over VAT on properties
Lawmakers and industry stakeholders remained unsatisfied on Monday with a revised government bill aiming to tweak the granting of reduced VAT on the purchase of...
Paralimni shopkeepers SOS for aid ‘before it’s too late’
Paralimni shopkeepers say they are struggling to survive and are crying out for help and support from the government, “before it’s too late”, asking for...
Petrides warns opposition on VAT: don’t make comparisons with Germany (updated)
Finance Minister Constantinos Petrides has warned opposition parties not to start “making noises” about Germany seeking a VAT exemption on a new consumer levy on...
