All Cypriot VAT returns must be submitted electronically since 2 May 2017. Prior to these changes, paper VAT returns were still accepted even from non-established companies only registered for VAT purposes in Cyprus. If your business is currently submitting paper returns in Cyprus, you should register in the website TaxisNET to get a username and password allowing electronic submission of all future returns. This website also allows to complete electronically additional forms required when your VAT return is in a...
- By Marosa VAT
- Published 27/05/2017 18:20
New object included in the reduced VAT rate on Cyprus: the government announced a new reduced VAT rate on efficient energetic units installed in houses. This reduced rate of 5% is part of the program to promote housing renovation and improve energetic efficiency. VAT rate changes are often introduced with little time to adapt your ERP system and update your reporting processes. When adapting your system, it is important to cover scenarios like credit notes, advance payments or continuous supplies...
- By Marosa EU VAT
- Published 26/02/2016 8:00