Zero VAT rate for basic goods extended until December 31, 2026

The government has extended the zero VAT rate on basic goods until December 31, 2026, applicable from January 1, 2024, to support consumers and the economy.

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The government has announced the extension of the zero VAT rate for basic goods until December 31, 2026. This measure applies from January 1, 2024, and aims to support consumers and the economy by maintaining the reduced VAT rate on essential items.

The extension is part of ongoing efforts to mitigate economic impacts and ensure affordability of basic goods for the public.

Read the Original: Government of Cyprus on January 15, 2026
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