London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Cyprus VAT Rate change

Cyprus announced today that it is set to increase its VAT rate in stages.  You may recall that it had one of the lowest rates (15%) some time ago, however driven by economic issues the VAT rate has risen steadily and is set to continue.

The latest rises have been imposed as part of a bailout plan by the EU, ECB and IMF.

  • The rate rose from 15% to 17% last year.
  • The next rise will be 1 Jan 2013 when it will increase to 18%
  • With a scheduled rise to 19% on 1 Jan 2014.

The reduced rate will also rise in 2014 from 8% to 9%.



Date: 10th December, 2012
Author: Richard Collier


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Our London team are enjoying the office roof terrace, sunshine and stunning views this afternoon…

Great learn and lunch today with Emma from @macmillancancer lots of inspiring fundraising ideas for our charity of……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn