North America

Cyprus: Temporary Zero VAT Rate on Basic Items Extended until June 30, 2024

Robert Pelletier
April 30, 2024

Pursuant to the Council of Ministers Decree ΚΔΠ 138/2024, the temporary zero VAT rate that applies to basic food and consumer items such as bread, milk, eggs, baby foods, coffee, sugar, baby and adult diapers, female hygiene products, and certain meats and vegetables is extended until June 30, 2024. This announcement was published on the Cypriot Tax Department website on April 29, 2024.

The Decree can be found here (in Greek).

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Author

Robert Pelletier

Robert Pelletier is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Robert specializes in research and analysis of global VAT and GST. Robert received a B.A. magna cum laude in Legal Studies from Quinnipiac University and a J.D. cum laude from Suffolk University Law School. Robert is a member of the Massachusetts Bar.
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