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The Tax Department has issued a notice reminding that in accordance with Regulation ΚΔΠ 268/2020 the reduction from 9% to 5% of the VAT rate which applies to the aforementioned services is effective only for the period from 1/7/2020-10/1/2021. The services referred to above are:
From 11/1/2021 (inclusive) the applicable VAT rate for the above services is 9%. The VAT Law and the relevant transitional provisions apply in determining the time of supply. |
For more information, contact our VAT Partner @Kyriakos Fili or our VAT Senior Manager @Constantinos Loizou. |
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