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01 March, 2024
 
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Zero VAT on meat and vegetable from today

New Regulation Takes Effect, Exempting Specific Categories from Value-Added Tax

Newsroom

As of December 1, the zero VAT rate on meat and vegetables, categorized under specific customs tariff codes, has come into effect in Cyprus. The measure, outlined in a Council of Ministers Decree dated 17/11/2023 (RCD 360/2023), applies to various meat and vegetable products, promoting accessibility to essential food items.

Eligible Meat Products Include:

- Bovine animals (CN codes 0201 and 0202)
- Swine (CN code 0203)
- Sheep or goats (CN code 0204)
- Edible offal of bovine, ovine, caprine animals (CN code ex 0206)
- Edible meat and offal of poultry (CN code 0207)
- Meat of rabbits or hares and edible offal (CN code ex 0208)

Eligible Fresh or Chilled Vegetables Include:

- Tomatoes (CN code 0702)
- Onions, shallots, garlic, leeks, and similar vegetables (CN code 0703)
- Cabbages, cauliflowers, broccoli, turnips, Brussels sprouts, and similar edible products (CN code 0704)
- Lettuce (Lactuca sativa) and chicory (Cichorium spp.) (CN code 0705)
- Carrots, turnips, salad beetroot, salsify, rape, turnips, and similar edible roots (CN code 0706)
- Cucumbers and gherkins (CN code 0707)
- Leguminous vegetables, such as peas and beans (CN code 0708)
- Other vegetables like asparagus, aubergines, celeriac, mushrooms, truffles, peppers, spinach, artichokes, olives, pumpkins, gourds, courgettes, and various salads (CN code 0709)

This initiative aims to make essential food items more affordable and accessible for consumers in Cyprus.

[Information from CNA]

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Cyprus  |  inflation  |  consumer

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