| 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 |
