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Decree to amend the law on exemption from VAT of theater schools

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    Decree to amend the law on VAT exemption of theater schools – Citizens will benefit significantly by reducing their tuition fees

    The Council of Ministers has approved a decree to amend the VAT legislation so that theater schools and workshops that provide services related to the education of all levels are exempt from it, Government Spokesman Konstantinos Letympiotis announced on Wednesday. Citizens will have a significant benefit with a reduction in their tuition, proportional to the reduction in the VAT rate, i.e. by 19%, he noted.

    After the meeting of the Council of Ministers at the Presidential Palace, the Spokesperson, in his statements to journalists, said that, based on the discretion provided by the Community Directive governing VAT at the European level, the Council of Ministers approved a decree to amend the legislation on VAT, so that theater schools and workshops that provide services related to the education of all levels are exempt from this. This concerns professional education, training, training, as well as closely related service provision and delivery of goods.

    The Government, he said, “recognizing the beneficial effect of theater on young people and children with the consolidation of teamwork and the development of skills and critical thinking', has exempted from VAT the services provided by theater schools and workshops, “making access to them seamless”.

    The citizens will have a significant benefit with a reduction in their tuition fees, proportional to the reduction in the VAT rate, i.e. by 19%, he noted.

    He noted that the reduction will apply from the date of publication of the relevant decree in the Gazette of the Republic .

    Source: cyprustimes.com

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