Cyprus – New 3% VAT rate planned in Cyprus

A proposal has been published to introduce a 3% VAT rate in Cyprus. If adopted by the Council of Ministers, this rate should apply to :

  • books, magazines and similar products (physical or electronic media)
  • stairs, elevators and wheelchairs for the disabled
  • orthopedic appliances
  • street cleaning and dog collection services,
  • wastewater disposal and treatment
  • at the start of theatrical, musical, dance or classical performances.

The effective date of this measure has not yet been published.

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