The House of Representatives of Cyprus is set to vote today, 02 June 2023 on a bill for amendments to the reduced VAT regime on the purchase and construction of
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In connection to our article “Cyprus Changing its Regime on Reduced VAT for First Homes: an Update” published on 28 March 2023, regarding the reduced VAT regime legislation changes, the
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The newly formed Cyprus Government and the House of Representatives reached an informal agreement to resolve the issue of the imposition of a reduced VAT rate of 5% for the
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