Cyprus was the EU country with the lowest VAT level of 15% till this year. The VAT raise at 17% for supply of goods and services, has been implemented since 1 March 2012. The growth of 2%, still situate Cyprus as the best tax environment for business.<\/p>\n
The new VAT value does not affect the services and products that fall under the reduced VAT rates of 5% or 8% or zero VAT rate, according to the VAT legislation.<\/p>\n
According to the Article 55 of the Vat Law there are some cases when a taxable person selling goods or providing services has the choice of applying the old VAT rate or the new one<\/p>\n","protected":false},"excerpt":{"rendered":"
Cyprus was the EU country with the lowest VAT level of 15% till this year. The VAT raise at 17% for supply of goods and services, has been implemented since […]<\/p>\n","protected":false},"author":1,"featured_media":1994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-2017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stiri"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t