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If your company is not established in Cyprus and is providing ‘taxable supplies’ of goods or services in Cyprus, it might have to attain a non-resident VAT registration. This follows the EU VAT Directive, foreign traders are legally obliged to register for VAT in certain situations, in order to report taxable transactions and declare the VAT that needs be charged.
It is imperative that all businesses with any commercial actions in Cyprus evaluate their compliance responsibilities and register before beginning any taxable transactions, if applicable.
There are numerous circumstances in Cyprus that can generate the responsibility to register for VAT. Below are some of the most common cases:
If you are presently, or planning to conduct any of the above (or similar) transactions in Cyprus, you should contact amavat® immediately to allow us to help you be VAT compliant.
|Supply||Old rate||New rate||Implementation date||End date|
|Hotels, accommodation, hospitality, restaurants, cafes and public transport||9%||5%||1 July 2020||10 January 2021|
|VAT Rates||VAT No. Format||Distance Selling Threshold||Intrastat Threshold|
|CY12345678X||€ 35,000||€ 180,000 (Arrivals)
€ 55,000 (Dispatches)
*amavat® accept no responsibility for the above figures being 100% accurate, at all times. They will periodically updated - last update 08.01.2022.
‘VAT Return’ Periods
‘EC Sales Lists’ frequency
‘EC Purchase Lists’
Additional reporting requirements
‘Extended Reverse Charge’
Cyprus has realised an extended reverse charge. This applies to supplies of services made by non-established businesses to VAT registered customers in Cyprus, in addition to some supplies within Cyprus, such as certain construction services. Please contact amavat® if you would like further information of how the extended reverse charge applies in Cyprus.
The tax authorities might direct a business established in a country out with the EU to retain a tax representative to register for VAT in Cyprus.