A & C CHRISTOFI LTD > VAT rate reduced to 5% (01/07/2020)
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The Cyprus Government has temporarily reduced the VAT rate that applies to the tourism, restaurant and transport industries from 9% to 5%.

The Council of Ministers Under has decided on 23 June 2020, under the articles 18 and 18A of the Cyprus VAT Laws issued decree ΚΔΠ 268/2020, that for the period between 1 July 2020 and 10 January 2021, both inclusive, the VAT rate of 9% is reduced to 5% for the below categories:

  • Hotel, tourist and other similar accommodation;
  • Restaurant and catering services;
  • Transport of passengers and their accompanying luggage within the Republic with a taxi or a bus.

Author: A & C CHRISTOFI LTD

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