- June 25, 202010:34 pm
One of the measures decided by the Cyprus Government to deal with the severe effects of the COVID-19 pandemic on the economy of the country relates to the reduction of the VAT rate applicable to the hotel and related accommodation, catering and transportation services from 9% to 5%. The reduction will be applicable from 1 July 2020 to 10 January 2021.
The reduction concerns the following services:
- Accommodation in hotels, tourist accommodation and similar services, including the provision of holiday accommodation.
- Restaurant and catering services.
- Transport of passengers and their accompanying luggage inside the Republic of Cyprus by urban, intercity, and rural taxis and by tourist and intercity buses.
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