VAT Measures Enacted by Legislation 27th March

The measures

The actual amendments to the legislation are made to the articles that impose penalties and interest. Specifically, the imposition of penalties and interest (including penal penalties) are waived with regards to the payment of any due VAT for the VAT quarters ending:

  • 29 February 2020 (due 10 April 2020);
  • 31 March 2020 (due 10 May 2020);
  • 30 April 2020 (due 10 June 2020),

but only if

(i) The VAT declaration is submitted by the due date, and

(ii) Any VAT payable is paid by 10 November 2020.


The application of the amendments does not apply to certain categories of businesses as follows:

  • Producers of electricity
  • Collection and distribution of water (for water supply)
  • Groceries and supermarkets that are mainly for food • Convenience stores and mini markets
  • Retailing of a variety of goods in department stores where food, beverages and tobacco are not predominant
  • Retail of fruit and vegetables – fruit shops
  • Retail sale of meat and meat products including poultry
  • Retail sale of fish and seafood-fish
  • Retail sale of bread, other bakery and confectionery products
  • Retail sales of fuel
  • Retail sale of computers, peripherals and software
  • Retail sale of books
  • Retail sales of newspapers and stationery
  • Retail sales of toys of all kinds except video games
  • Pharmacies
  • The Cyprus Telecommunications Authority (“CYTA”)
  • Internet services • Satellite telecommunications services
  • Other telecommunication services except CYTA