As a result of the COVID-19 pandemic, the island of Cyprus is to reduce Value Added Tax rates on hotels and certain transport.
The changes involve a range of services moving from the reduced 12% rate to the 5% rate between 1 July 2020 and 10 January 2021. The services affected will be:
- Hotel and other holiday accommodation
- Domestic transport of passengers
- Restaurant and catering services
You may look-up any global VAT and GST rates via VAT Calc’s global rate searchable database.
