ARTICLE · 07 MAY 2024

Extending 0% VAT On Certain Goods Until 30 June 2024

KPMG in Cyprus

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On 19 April 2024, the Council of Ministers decided to further extend the temporary application of the zero VAT rate on specific goods, which previously fell under either the standard VAT rate of 19% or the reduced VAT rate of 5% (ΚΔΠ 138/2024).

CyprusTax

Michael C. Grekas

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On 19 April 2024, the Council of Ministers decided to further extend the temporary application of the zero VAT rate on specific goods, which previously fell under either the standard VAT rate of 19% or the reduced VAT rate of 5% (ΚΔΠ 138/2024).

The application of the reduced VAT rate for certain goods shall be extended until 30 June 2024.

Goods falling under the zero VAT rate:

Effective since 5 May 2023 up to 30 June 2024

Bread
Milk
Eggs
Baby food
Women's hygiene products
Diapers for infants
Adult diapers

Effective since 1 November 2023 up to 30 June 2024

Coffee
Sugar

Effective since 1 December 2023 up to 30 June 2024

Fresh, chilled or frozen meat and edible meat offal

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