Finance minister defends zero VAT reinstatement
Finance Minister Makis Keravnos on Friday defended the government’s decision to reinstate the zero VAT saying the government is not affected by external pressures.
In an interview with the ...
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Parties propose additional support measures
A few days after the government’s unexpected decision to reintroduce zero VAT on six categories of products, reversing a previous plan to end the measure aimed at tackling rising ...
Our View: Government’s economic policy driven by public pressure, not prudence
The way the government is carrying out economic policy should worry everyone. Although it claims that fiscal discipline and prudent spending are its priorities its erratic decisions do not really ...
Opposition slams government over reinstated zero VAT
Opposition parties accused the government of incompetence on Friday following the reversal of a measure aimed at tackling the high cost of living.
Both left-wing Akel and right-wing Disy accused ...
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Zero tax for basic goods to return
Measures aimed at tackling the high cost of living will return, Finance Minister Makis Keravnos announced on Thursday, as zero VAT will be implemented on a number of products.
His ...
Zero VAT has had impact on shopping bills
Consumers are saving approximately €7.50 on around €95 of purchases following the introduction of zero VAT rate on 11 products, the consumer protection service said on Monday.
According to the service, consumers, depending ...
Zero VAT measure on meat and vegetables comes into effect
The zero VAT measure on meat and vegetables comes into effect as of Friday.
The measure, which is set to continue through to May 31, 2024, includes the following meat items: fresh, ...
New zero VAT relief measures from Wednesday
New zero VAT relief measures go into action from Wednesday, the tax department reminded the public on Tuesday.
The announced measure covers a list of items already previously assigned at ...
Our View: Zero VAT on sugar is nothing more than a publicity stunt
The government decided to maintain the zero VAT rate on a range of consumer products until the end of April. Bizarrely, it added another two items to the zero VAT ...
Coffee and sugar added to zero VAT products
The zero VAT rate for basic necessities will be extended for a further another six months, while coffee and sugar have been added to the list of products, Finance Minister ...
Zero VAT impacts prices of consumer goods in past month
While the prices of basic consumer goods have generally sharply increased in the past year, some have started to decrease in the past month, according to the latest report by ...