The Cyprus Tax Department has issued a notice on the application of the 5% reduced VAT rate. This includes that the 5% rate applies instead of the 9% rate from 1 July 2020 to 10 January 2021 for the following:
The application of the 5% rate is provided by Decree KDP 268/2020, which was published in the Official Gazette on 23 June 2020.
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