Value added tax

Value added tax was introduced in Cyprus on 1 July 1992. VAT is obligatory imposed on the supply of goods and provision services in Cyprus, as well as on the acquisition of goods from the European Union and on the importation of goods into Cyprus from third countries.

Every individual or company is obliged to register in VAT Registrar if:

  • at the end of any month, the value of taxable supplies recorded in the last 12 months exceeds €15.600
  • at any point in time the value of taxable supplies are expected to exceed €15.600 in the next 30 days
  • provides services to a VAT registered person within European Union with nil registration threshold
  • is involved in the acquisition of goods from other EU member states with registration threshold of €10.251,61
  • a taxable person from abroad makes distance sales with registration threshold of €35.000
  • acquires a company on a going concern basis
  • receives services from abroad with an obligation to account for VAT under the reverse charge provisions with registration threshold of €15.600
  • offers zero rated supplies of goods or services

Voluntary registration may be effected by individuals or companies with taxable supplies.

The current vat rates in Cyprus are as follows:

Vat rates


Standard rate (as from 13 January 2014)


Reduced rate (as from 13 January 2014)


Reduced rate


Zero rate


Businesses that undertake intra-community trading, such as acquisitions and sales of goods and supply of services from/to European Union member states may need to complete the following forms:

Intra-Community Supplies

Intra-Community Acquisitions

Intrastat Form - departures of goods

Intrastat Form - arrivals of goods

VIES Form - supplies of goods and services


The above should be used as a source of general information only. It is not intended to give a definitive statement of the Law and is subject to the Disclaimer.

For further details on these issues, please do not hesitate to contact us.