Greece’s Basic Value Added Tax 24%, But Cyprus Extends 0% Rate

September 14, 2023

NICOSIA – Cyprus will keep a 0 percent Value Added Tax (VAT) on essential goods for another six months as the country is on a path for record tourism – as is Greece, where the rate is 24 percent.

There are exceptions in Greece where a 13 percent rate applies to a host of products including fresh food but Prime Minister Kyriakos Mitsotakis said the government can’t afford to lower the 24 percent VAT in supermarkets.

On Cyprus, Finance Minister Makis Keravnos announced the addition of coffee and sugar to the list of exempted products and extension of no tax after the policy was due to expire at the end of October.

“The government’s policy revolves around targeted measures, which are not only more effective but also align with the fiscal framework and fiscal discipline required for our financial stability,” he said, reported The Cyprus Mail.

“Depending on how conditions evolve, the government will continue to implement measures to support those in need,” he said, without adding how much is being lost by not taxing covered products.


WASHINGTON - The US State Department said it couldn’t understand why the Hezbollah terrorist group in Lebanon, battling with Israel, would threaten Cyprus, which has been a jumping off point for humanitarian aid to Palestinians trapped in Gaza during Israel’s invasion.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

Saturday, June 15, evening, a Democratic campaign event in Los Angeles.

BOSTON – The 10th International Summer University was recently held at the Maliotis Cultural Center in Brookline, MA.

Greek-American Daren Metropoulos is a principal at the private-equity firm Metropoulos & Co.

WASHINGTON (AP) — A 22-year-old woman who became an abortion rights advocate after she was raped by her stepfather as a child will campaign with first lady Jill Biden in Pennsylvania this weekend as part of a 2024 election push around the anniversary of the fall of Roe v.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.