INTIEACyprus · Temporary VAT and Excise Duty Relief Measures (Energy Cost Support)PolicyIn force

Temporary VAT and Excise Duty Relief Measures (Energy Cost Support)

In 2026, Cyprus introduced temporary fiscal measures to reduce energy costs for households and businesses, including a reduction of VAT on electricity to 5% from May 2026 to March 2027 and an excise duty cut of 8.33 cents per litre on motor fuels (April-June 2026). The measures…

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Country / jurisdiction: Cyprus · Year: 2026 · Status: In force · Level: National · Type: Voluntary

In 2026, Cyprus introduced temporary fiscal measures to reduce energy costs for households and businesses, including a reduction of VAT on electricity to 5% from May 2026 to March 2027 and an excise duty cut of 8.33 cents per litre on motor fuels (April-June 2026). The measures were adopted by the government in response to rising energy prices linked to geopolitical tensions and aim to alleviate cost pressures across the economy.

Official source: https://kpmg.com/us/en/taxnewsflash/news/2026/03/tnf-cyprus-vat-and-excise-duty-relief-measures-for-electricity-motor-fuels-and-food.html

Source

https://www.iea.org/policies/31116

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