Cyprus – Change VAT rates effective from 13 Jan 2013

The standard rate of VAT in Cyprus will increase by 1% to 18% from 14th January 2013 and by a further 1% to 19% from 13th January 2014.

The reduced rate of VAT (currently 8%) will increase to 9% with effect from 13th January 2014.

The 5% VAT rate will remain unchanged throughout this period.

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