A plan to change the Value Added Tax (VAT) law is on hold. The Economy Committee decided not to vote on the bill yet. They met this morning at the Republican Assembly. The committee said the "Value Added Tax (Amendment) Bill" is not urgent. Therefore, the final vote will happen later.
The meeting was led by Resmiye Eroğlu Canaltay, an MP. They talked a lot about the bill, which is called Y.T.No: 338/5/2025. Important groups came to share their ideas. They discussed how the changes might affect things. People from the Ministry of Finance, the Security Forces, and the Union of Turkish Cypriot Municipalities were there.
These different groups showed that tax rules can be complicated. The Ministry of Finance gave important economic numbers. The Security Forces might have talked about safety. The Union of Municipalities explained how VAT changes could affect local money and public costs.
Committee members like Devrim Barçın, Hasan Küçük, and Alişan Şan asked questions. They listened to the information. They agreed that the bill did not need to be approved quickly. This means the changes are important, but there is no big problem now.
Delaying the final vote allows more time for study. The committee needs to look at the bill more closely. They might change it based on what they heard. They will also study the long-term money effects. This kind of delay is normal for important tax laws.
The VAT law change will take longer to become official. The committee will decide when to vote next. The ideas from the Ministry of Finance, Security Forces, and Municipalities will be very important. This careful process helps make good laws. It shows they want the law to be well-thought-out. The committee is not worried about the current money situation.