Cyprus

VAT - Rates & Registration

Note: In
Cyprus
VAT is the same as Sales Tax

If a company not established in Cyprus is providing ‘taxable supplies’ of goods or services in Cyprus, it may have to obtain a non-resident VAT registration. In accordance with the EU VAT Directive, foreign traders are legally obligated to register for VAT in certain circumstances in order to report taxable transactions and declare VAT that must be charged.  

It is important that all businesses with any commercial activity in Cyprus assess their compliance obligations and register prior to commencing taxable transactions if applicable.

What you need to know

There are various scenarios that would trigger an obligation to register for VAT in Cyprus. Some of the most common examples are:

  • Importing goods into Cyprus from outside the European Union
  • Buying and selling goods in Cyprus
  • Selling goods from Cyprus which are delivered to customers outside of Cyprus (business or private customers)
  • Acquiring goods in Cyprus from another EU country (Intra-community acquisitions)
  • Holding inventory in Cyprus for sale, distribution or consignment
  • E-commerce sales of goods to consumers, subject to Distance Selling VAT registration thresholds
  • Organising events in Cyprus where attendees or delegates must pay admission

If you are currently, or plan to conduct any of the above (or similar) transactions in Cyprus, you should contact us immediately for a complimentary consultation.

Cyprus

VAT Rates, Formats & Thresholds

VAT Rates

19%

(Standard)

5 / 9%

(Reduced)

VAT Number Format

CY12345678X

Distance Selling Threshold

€ 35,000

Intrastat Threshold

€ 100,000

(Arrivals)

€ 55,000

(Dispatches)

VAT Rates

VAT Number Format

Distance Selling Threshold

Intrastat Threshold

19%

(Standard)

5 / 9%

(Reduced)

CY12345678X

€ 35,000

€ 100,000

(Arrivals)

€ 55,000

(Dispatches)

Additional Cyprus VAT Information