Cyprus – 0% VAT Rate for basic food and women’s hygiene products will not be further extended after 30th September 2024

Cypriot Council of Ministers decided that the 0% VAT Rate on basic food and women’s hygiene products will not be further extended and will end on 30 September 2024, as of 1st October 2024 the VAT Rate will return to 5% so to the level prior the reduction.

The reduction to 0% VAT was introduced in May 2023 as part of the government’s “Anti Inflation Shield”.