VAT rate in Cyprus will increase to 19% from 13 January 2014

From 13 January 2014 the standard VAT rate will increase in Cyprus from 18% to 19%, at which point the 8% reduced rate also rises to 9%. The current reduced rates of 5% and 0% remain unchanged.

Businesses registered for VAT in Cyprus should therefore keep aware with the developments and adjust their systems and invoices accordingly.