Cyprus published amendments to the Value Added Tax Law in the Official Gazette to harmonize the law with Council Directive (EU) 2022/542 of 5 April 2022 regarding VAT rates. In particular, the amendments provided that the following are subject to VAT at a rate of 3%:
- Books, newspapers, and magazines, including electronic publications and audiobooks for people with disabilities, other than publications wholly or predominantly devoted to advertising and other than publications wholly or predo…