The Department of Taxation informs that from 1st January 2023 the supplies of in vitro diagnostic medical devices, vaccines for covid-19 disease and services closely related to the above products are not subject to the zero rate of VAT, as applicable until 31 December 2022 (CPC 629/2020 / KΔΠ263/2021)
Consequently, from 1/1/2023 the following VAT rates apply
- VAT at 19% for supplies of in vitro diagnostic medical devices and services related to such devices, unless they are exempted transactions under the Seventh Schedule to the VAT Act. Legislation.
- VAT 5% for supplies of vaccines related to covid -19 disease.
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