As of today, the Government Decree on the imposition of a zero VAT rate on certain basic everyday goods comes into force. This measure aims to contribute to the immediate relief of the Cypriot household and already from today consumers will benefit from reduced prices on the basic goods affected.
The goods that will be subject to a zero VAT rate from today are all types of bread, milk, eggs, baby food, baby food, baby diapers, feminine hygiene products and adult diapers. It is estimated that over 1700 products are affected.
Increased inflationary trends have undoubtedly affected the quality of life of our fellow citizens and as long as the phenomenon continues, as a Government we will continue to take measures that produce tangible results.
With planning, responsibility, social sensitivity and specific planning, we put society at the centre and will continue as long as necessary to take measures aimed at relieving the Cypriot household and boosting disposable income. Measures that are part of a holistic approach, always taking into account the benefit of our fellow citizens and the preservation of the country's fiscal stability.
Our commitment to supporting society and in particular our vulnerable fellow citizens is a given and to this end we will continue to work on beneficial and meaningful measures.
(PM/SX)
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