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
Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.