Cyprus – Change of VAT rate for accommodation and hospitality services

From 1st July 2020 to 10th January 2021, a 5% VAT rate will be apply to accommodation and hospitality services. Usually, these services are taxed at the 9% VAT rate.

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From July1, 2024, olive oil will be added to the list of essential products taxed at a 0-rate during periods of inflation (4% under normal conditions).
From July1, 2024, olive oil will be added to the list of essential products taxed at a 0-rate during periods of inflation (4% under normal conditions).
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