Following changes to the tax legislation, from 2014 the rates of value added tax in Cyprus are as follows:
The standard VAT rate is 19% (increased from 18%) effective from 13 January 2014. Also the reduced VAT rate is 9% (increased from 8%) effective from 13 January 2014.
The reduced VAT rate applies to services under Schedule 12 of the Cyprus VAT law, including restaurant and catering services, tourist accommodation, and passenger transport.
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