The Cypriot government has again extended the temporary reduction on the 5% and 19% VAT rates applied to certain essential goods until 31 December 2024.
The VAT rates have been reduced from:
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5% to 0% for milk, bread, eggs, and baby food.
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19% to 5% for detergents, fabric softeners, toilet paper, baby and adult diapers, and cleaning supplies.
The above news was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: [email protected].
