Cyprus

Country	Cyprus
Currency	Euro
EU Member State	Yes
Standard VAT rate	19%
Reduced VAT rate	5% / 9%
VAT registration limit for established businesses	15600 Euros
VAT registration limit non-established businesses	15600 Euros
VAT registration limit distance sales	35000 Euros
VAT return filing periods	Quarterly
Annual returns	No
VAT recovery by non-established non-EU businesses	Reciprocal agreements with certain businesses
Reverse Charge	Yes for the majority of cross border activity
Extended reverse charge	Yes, this applies to supplies of services made by non-established businesses to VAT registered customers in Cyprus as well as certain supplies within Cyprus.
Fiscal representative required for non-EU businesses	In certain instances for business outside the EU
Statute of limitations	Please contact Essentia for specific limitations