Tax Law Update: Changes in Cyprus VAT rates come into force 14.01.2013
Following the enactment of Law 167(I)/2012 by the House of Parliament on the 6.12.2012, the standard rate of VAT in Cyprus increased from 17% to 18% from the 14.01.2013. As of the 13.01.2014 the standard VAT rate will again increase to 19%. With regards to reduced rate VAT, this will increase from 01.01.2014 from the…