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Value Added Tax
- There are the following tax rates:
Zero rated 0% - food, medicines, etc.
Reduced rate 5% - books, newspapers, non bottled water, etc.
Reduced rate 8% - provisioning services, transport of passengers by taxi, rural and tourist buses
Standard rate 15%
- Registration to VAT is compulsory for all entities (partnerships, self employed people, limited liability companies, Cyprus international companies, societies, club, institution, etc) with an annual turnover of at least €15.600.
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