M. Target Group would like to inform you that the special VAT regime which allowed for a 0% VAT rate on products used in the fight against the COVID-19 pandemic has come to an end on December 31st, 2022. The authorities have confirmed that this special regime will not be prolonged, and as of January 1st, 2023, the standard VAT regulations will be in effect. The official statement regarding this matter can be found here.
ΦΠΑ σε προϊόντα και υπηρεσίες για την νόσο covid-19.pdf (mof.gov.cy)
As always, M. Target Group specialists remain at your disposal should you require any further information, clarification or professional assistance with any tax matter.
