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Cyprus VAT – The Rates & Registration

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.

What you should know

There are numerous circumstances in Cyprus that can generate the responsibility to register for VAT. Below are some of the most common cases:

  • Goods being imported into Cyprus from outside the EU;
  • Goods being bought or sold in Cyprus;
  • Selling goods from Cyprus that are delivered to customers out with Cyprus (this applies to business or private customers);
  • Obtaining goods in Cyprus from another country within the EU (Intra-community acquisitions);
  • Inventory of stock in Cyprus for sale, circulation or delivery;
  • eCommerce sales of goods to customers, subject to Distance Selling VAT registration thresholds;
  • Arranging events in Cyprus, if attendees or delegates pay admission.

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.

VAT Rates, the Formats & the Thresholds

VAT Rates VAT No. Format Distance Selling Threshold Intrastat Threshold
19% (Standard)
5/9% (Reduced)
CY12345678X € 35,000 € 270,000 (Arrivals)
€ 75,000 (Dispatches)

*amavat® accept no responsibility for the above figures being 100% accurate, at all times. They will periodically updated - last update 08.02.2024.

Additional VAT information for Cyprus

‘VAT Return’ Periods

‘Annual Returns’
Not required

‘EC Sales Lists’ frequency

‘EC Purchase Lists’
Not required

Additional reporting requirements
Not required

‘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.

‘Fiscal Representation’
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.