January 7, 2014

VAT increases in Cyprus

The House of Representatives had voted for an increase of the VAT rates on the 6th of December 2012. In accordance with the law 167(I)/2012 the following changes have been voted:

a. Standard VAT rate increases to 19% as from 13 January 2014.
b. Reduced VAT rate of 8% increases to 9% as from 13 January 2014.

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