Reduction of VAT on Electricity Starting April 1
March 28, 2025
Starting April 1, the VAT on electricity prices will be reduced from 19% to 9% for 494,000 household consumers, as announced by President Nikos Christodoulides. This reduction will last for one year, and an average household is expected to save around €120 annually. The Cabinet has approved the decree which has been published in the Official Gazette. The estimated revenue loss for the state from this reduction is €40 million.