VAT cut on electricity bills in limbo

A bill approved by opposition parties to cut VAT on electricity bills indefinitely from 19% to 9% across the board is in limbo after MPs rejected President Nicos Anastasiades veto. Parliament, including

Reduce VAT on rented properties

In recent years residential rents have shown a noticeable increase, especially those in the town centres, with special regard to those close to universities and colleges. Rents are determined in a free


10% VAT slashed on electricity bills

The cabinet approved a Finance Ministry proposal to cut 10% VAT on household electricity bills for three months as part of its policy to tackle the fallout from the rise in energy

Cyprus revises VAT for yacht leasing scheme

By Zacharias Kapsis The Tax Department has introduced new procedures regarding the leasing from December 23, 2019, onwards of recreational vessel owning companies registered on the VAT Registry. The Interpretative Circular 240