The Cyprus Parliament has voted the reduction of the VAT rate from 9% to 5% from 1^st July 2020 until 10 January 2021.

The reduction is applied to the following areas:

- Hotel and tourist accommodations

- Restaurants and catering services

- Transportation services of passengers within the Cyprus Government

You can contact our accounting department for more clarification needed at This email address is being protected from spambots. You need JavaScript enabled to view it.