Cyprus Consumers’ Association Questions Implementation of Zero VAT on Essentials
4 Articles
4 Articles
Cyprus consumers’ association questions implementation of zero VAT on essentials
The Cyprus Consumers Association has accused the authorities of failing to adequately monitor the introduction of zero VAT on five additional categories of essential goods, arguing that the measure has not been fully passed on to consumers. In a statement, the association said its monitoring of prices between September 30 and October 17 had identified […]
The Cyprus Consumers Association raises serious questions about the effectiveness of the zero VAT measure on basic goods, as, despite the tax relief, some products even saw price increases. The Association argues that the benefit was not fully transferred to citizens, raising the issue of effective market monitoring. The measure was implemented on 12 […] Precision without end: More expensive products even after the abolition of VAT
The Cyprus Consumers Association has expressed serious reservations about the implementation of the zero VAT rate on five additional categories of basic products, denouncing price increases and the incomplete transfer of the benefit to citizens. According to the data it collected, the average price reduction on the first day of implementation of the measure was limited to 3.76%, instead of the expected 5%. The Association disputes the assessment…
The Consumers' Association fires back: Instead of prices decreasing due to zero VAT, they increased - It speaks of the inability of the authorities to control
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