End of reduced VAT on electricity and selected products

Oct 1, 2024

1 min read

Updated: Oct 2, 2024

It has been announced by the Ministry of Finance that from October 2024 the electricity subsidy and the 0% VAT which was previously granted on essential goods will no longer apply. The 5% VAT rate will now apply on bread, milk, eggs etc which was the applicable rate before the relief scheme was applied since March 2023.

REMINDER - Deadline for Registration of Beneficial Ownership Data and imposition of fines – 2026

We would like to remind you that all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited Companies (SEs), and all Partnerships (hereinafter referred to

Cyprus Tax Reform 2026 (Effective January 1st)

Following the passing of the relevant bills by the Plenary of the House of Representatives on December 22, 2025, we would like to inform you that the comprehensive Tax Reform has been published in the

Maximum Insurable Earnings For The Purpose Of Contributions To The Social Insurance Fund

It is hereby announced that the Maximum Insurable Earnings of employees, for the purpose of calculating the amount of contributions to the Social Insurance Fund, are set as follows: Maximum limit for