Cyprus has implemented the option provided in Directive 2006/112/EC ('the Principal VAT Directive') to introduce a scheme enabling the amount of input VAT recovered on the acquisition of certain capital assets which will be used for more than one accounting period to be adjusted over several years.
The assets covered by the scheme, which is known as the capital goods scheme, are as follows:
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•ÌýÌýÌýÌý Tangible fixed
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