Cyprus will temporarily reduce the VAT rate on certain electricity supplies from 8% to 5% for households and specific users, effective from 1 May 2026 to 31 March 2027 under Decree No. K.D.P. 167/2026. Cyprus has announced a change to its value-added tax (VAT) schedule, lowering the reduced VAT rate on certain electricity supplies. According to Decree No. K.D.P. 167/2026, published in the Officia... Read more

Cyprus has introduced a temporary 0% VAT rate on fresh, chilled, and frozen meat and fish from 6 April to 30 September 2026, under Decree K.D.P. 168/2026, as part of efforts to reduce food costs. Processed products such as sausages, burgers, and prepared fish remain subject to the reduced 5% VAT rate. Cyprus has introduced a temporary zero rate of value-added tax (VAT) on supplies of meat and fish... Read more

E-invoicing in Cyprus is partially implemented: it is mandatory for public authorities to receive electronic invoices in B2G transactions under Law 89(I)/2019, while B2B e-invoicing remains voluntary and based on mutual agreement. Businesses can use channels such as PEPPOL, the Ariadni platform, or third-party providers, with broader mandatory requirements expected in the future under the EU ViDA... Read more

Cyprus has defined fiscalization around Electronic Tax Registers / Fiscal Electronic Mechanisms, which issue and securely store tax documents in tamper-proof fiscal memory connected to POS or computer systems, ensuring transparent transaction recording and effective tax audits. The Ministry of Finance in Cyprus has outlined the role of fiscal devices, known as Electronic Tax Registers (ETRs) or Fi... Read more

Cyprus has extended the 0% VAT rate on essential goods such as baby products, hygiene items, and fresh fruit and vegetables until 31 December 2026 to support households amid the cost-of-living pressures. Retailers must keep these items zero-rated in their systems throughout 2026, while the standard VAT rate remains 19% and other reduced rates continue to apply The Cypriot government has officially... Read more

Cyprus applies a hardware-based fiscalization system in which physical Electronic Tax Registers (ETRs) serve as the mandatory fiscal point for recording sales and issuing receipts. All transactions must be processed through EMS-approved devices, with installation and maintenance carried out by licensed technicians, ensuring tax transparency and compliance with national fiscal rules. The fiscaliza... Read more