VAT Registration Criteria

A. A person/company is obliged to register where the combined cumulative value of
taxable supplies, in the Republic of Cyprus of goods and services during a consecutive
twelve month period exceeds the registration threshold of €15.600,

B. The business provides services to businesses established outside Cyprus (EU
Member states),

C. Obtains services from abroad which exceed the threshold of €15.600

D. Purchases goods from other EU resident businesses (intra community acquisitions)
the value of which exceeds the registration threshold of €10.251,61

E. Distance selling to consumers in Cyprus, beginning from 1st of January each year, the
value of which exceeds the threshold of €35.000


F. Voluntary registration


VIES (VAT Information Exchange System) is a system of exchanging VAT information between European Union member states. Information exchanged through VIES are the VAT registration number of companies involved in intra-community sales and provision of services.

8th Directive Refunds

As of the 1st of January 2010, EU companies are able to reclaim foreign VAT, by applying
electronically in their own state.

The resident member state will forward the VAT refund claims electronically to the member states concerned by 30 September of the calendar year following the period to which the VAT relates. Minimum amount for an application per member state is €400 (or equivalent).

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