The Council of Ministers of the republic of Cyprus, approved a 0% VAT rate on Tuesday May 2nd, 2023, to be applied on a series of chosen food and products considered as socially important.

This temporary decree will be published on May 5th in the Official Gazette of the Republic of Cyprus and be valid until October 31st, 2023, and the law requires that all related business carry out a stock count before the new provisions come into effect.

Some products will be subject to 0% VAT, some reduced from 5% while others lowered from 19% VAT.

0% zero VAT rate will apply to the following products: all types of bread, all types of milk including vegetable milk, eggs, food for babies, baby & adult diapers, feminine hygienic protection products including tampons, sanitary towels, and pads.

Snacks such as chips, nuts, chocolates or ice-cream, pastries, or any bread with added ingredients are not included.