Cyprus introduces 0% VAT on additional basic goods
Discover the latest Cyprus VAT changes for 2026, including the new 0% VAT rate on basic goods, eligible products and implementation dates.
Kyriakos is the VAT partner of our firm. He is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and the Institute of Certified Public Accountants of Cyprus (ICPAC).
He has a B.A. in Business Administration from the Aristotle University of Thessaloniki and an MSc in International Economics, Banking and Finance from Cardiff University.
Kyriakos has extensive experience in VAT advisory and compliance matters focusing on a variety of indirect tax issues ranging from compliance to advisory and structuring services for clients across various industries, both local and international.
Discover the latest Cyprus VAT changes for 2026, including the new 0% VAT rate on basic goods, eligible products and implementation dates.
On 8 May 2026, the Council of Ministers approved ΚΔΠ221/2026 amending Schedule 7 of the VAT Law which includes the VAT exemption applicable to ballet schools. Paragraph 9(d) of Table A is amended by the replacement of the term “ballet” with the word “dance”.
Further to our VAT Alerts in October 2025 and March 5 2026 for the Arcomet Towercranes case (C-726/23) and the Attorney General decision on the Stellantis Portugal (C 603/24) case, the European Court of Justice on 13 May 2026 issued its decision on the Stellantis case in relation to the treatment of transfer pricing adjustments from a VAT perspective.