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Home Publications Articles

Cyprus ends reduced 5% VAT period for restaurant and hotel industry

January 21, 2021
in Articles
Reading Time: 2 mins read
Cyprus ends reduced 5% VAT period for restaurant and hotel industry

By: P. Constantinou & Co Ltd

As of 11 January, Cyprus will revert to the normal 9% VAT rate (instead of the reduced 5%) for passenger transport, restaurants, hotel accommodation, and catering services.

The reduced 5% vat rate period expired on 10 January 2021 after being introduced by the government on July 2020 in an effort to help minimize the dire effects of the coronavirus pandemic on the local economy and especially the tourism and hospitality industry.

The 9% VAT rate now applies to the following business sections:

  • Tourism, Hotels and other similar accommodation
  • Catering services and restaurants
  • Passengers Transportation and their luggage within the Republic by bus or taxi.

If you require information regarding VAT in Cyprus please visit our dedicated page on VAT here >

For further assistance, you can contact us directly 

By: P.Constantiou & Co

As of 11 January, Cyprus will revert to the normal 9% VAT rate (instead of the reduced 5%) for passenger transport, restaurants, hotel accommodation, and catering services.

The reduced 5% vat rate period expired on 10 January 2021 after being introduced by the government on July 2020 in an effort to help minimize the dire effects of the coronavirus pandemic on the local economy and especially the tourism and hospitality industry.

The 9% VAT rate now applies to the following business sections:

  • Tourism, Hotels and other similar accommodation
  • Catering services and restaurants
  • Passengers Transportation and their luggage within the Republic by bus or taxi.

If you require information regarding VAT in Cyprus please visit our dedicated page on VAT here >

For further assistance, you can contact us directly 

Tags: Cyprus Value Added Tax (VAT)
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