End of reduced VAT on electricity and selected products

Petros Philippou
Oct 1, 2024
1 min read

Updated: Oct 2, 2024

It has been announced by the Ministry of Finance that from October 2024 the electricity subsidy and the 0% VAT which was previously granted on essential goods will no longer apply. The 5% VAT rate will now apply on bread, milk, eggs etc which was the applicable rate before the relief scheme was applied since March 2023.

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