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Cyprus Amends Scope of Supplies Subject to 3% and 0% VAT Rates

03 August 2023

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Approved Changes

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Cyprus

Cyprus published amendments to the Value Added Tax Law in the Official Gazette to harmonize the law with Council Directive (EU) 2022/542 of 5 April 2022 regarding VAT rates. In particular, the amendments provided that the following are subject to VAT at a rate of 3%: Books, newspapers, and magazines, including electronic publications and audiobooks for people with disabilities, other than publications wholly or predominantly devoted to advertising and other than publications wholly or predominantly consisting of video content or audible music; Special lifting devices for people with disabilities; Medical devices, including orthopedic articles and apparatus, prosthetic items, hearing aids,...