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VAT Guide in Cyprus – Registration, Thresholds & Obligations

The VAT system in Cyprus is particularly favorable for small and medium-sized businesses, but it requires proper understanding.

When Registration Is Required:

  • If the annual turnover exceeds €15,600

  • For exports / intra-EU transactions

  • Voluntarily, if there is an advantage in reclaiming VAT

Rates & Rules:

  • Standard rate: 19%

  • Reduced rates: 9% (tourism), 5% (food, medicines)

  • Exemptions: insurance, medical services, residential rents

Obligations:

  • Quarterly VAT return

  • Maintaining records

  • VAT refund (if there is input VAT)

Want to know if you need to register for VAT? Contact us for guidance.

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With the establishment of your company through us, we offer free of charge:

  1. Invoicing / bookkeeping software and accounting entries
  2. Domain name registration in .com or .eu
  3. 1 consultation per month, with a duration of 1 hour

Final prices with no hidden charges, including all services required for the maintenance and smooth operation of your company.

Contact Us

For more information, you may contact Localit Consulting to receive detailed answers to your questions.
Phone: 6982220765, +357 22053831, Email: info@localitco.com
 
Alternatively, you may complete the expression of interest form by clicking here, and we will contact you promptly.

The information provided in this article does not, under any circumstances, constitute pressure or encouragement for anyone with the aim of avoiding applicable laws in each country or circumventing proper tax policies. It is intended solely as advisory content and informational articles. The author expressly disclaims any liability towards any individual, entity, or company that acts or refrains from acting based on all or part of the content of this text. Therefore, no action should be taken or reliance placed on the subject matter or the information herein without first obtaining advice from appropriate and competent professionals regarding one’s activity and entity in general.