CYPRUS | VAT Rates

Standard Rate 19%

Applies to all the taxable goods and services in Cyprus with the exception of those that are subject to the reduced rate or to the zero rate.

Reduced Rate 9%

Transport of passengers and their accompanying luggage within Cyprus with urban, suburban and rural taxis as well as with tour and suburban buses;

Services of restaurants;

Supply of food in the course of catering;

Supply of alcoholic beverages, wine and beer;

Provision of accommodation in the hotel sector;

Transport of passengers and of their accompanying luggage by sea;

Reduced Rate 5%

Services supplied by undertakers;

Services of writers, artists etc.;

Supply of fertilisers, foodstuff for animals, live animals, seeds, non-bottled water, newspapers, books, periodicals;

Supply of coffins;

Certain products for persons with special needs;

Ice cream;

Types of nuts;

Transport of passengers and their accompanying luggage with urban and rural buses;

Letting of camping sites and caravan parks;

Hair salon services;

Repair and maintenance of private households (provided that certain conditions are met);

Animal feedstuff;

Confectionary products;

Bottled water, Juices;

Pharmaceutical products;

Entry fees to theatres, cinemas, sports events, luna parks and similar cultural events;

Zero Rate 0%

Supply of services to meet the direct needs of sea-going vessels;

Supply, hiring and repair of sea-going vessels and aircrafts;

Supply of goods entered into customs regime;

Supply of medicines and food – except the supply of food in the course of catering goods have been exported or supplied to a registered person in another member state;

Supplies of goods or services which are exempted under the VAT legislation;

Leasing or letting of immovable property;

Supply of immovable property with the exception of buildings or parts of buildings and the land on which they stand if the application for a building permit was submitted after the 01/05/2004;

Financial Services;

Lotteries;

Medical care;

Social welfare;

Education;

Sports;

Cultural Services;

Insurance transactions etc.