A VAT refund guide to Cyprus
Which countries have reciprocity with Cyprus?
Learn more about how reciprocity works within VAT by clicking below.
What expenses are claimable in Cyprus?
Entertainment
Events
Travel Related
General Expenses
Additional Information
| Current VAT Rate | 19% |
| Categories | Entertainment, Events, Travel Related, General expenses |
| VAT in local language |
Foros Prostithemenis Axias (FPA) / Φόρος Προστιθέμενης Αξίας (ΦΠΑ)
|
| VAT number format | CY12345678X (CY followed by 8 digits and 1 letter) |
| Exemptions | Hiring of means of transport, Vehicle Expenditure |
| Key Deadlines | 30th September (8th directive) and 31st December (13th directive) |
| Threshold |
Non-simplified – EUR 85 or more (including VAT) Simplified – EUR 85 or less (including VAT) Super simplified – Not applicable to this VAT scheme |
| Electronic Invoicing | Currently, electronic invoicing is only mandated for B2G transactions. However, the government plans on implementing B2B invoicing in the near future |
Frequently Asked Questions
1. What are the penalties for late VAT submissions in Cyprus?
Late VAT Cyprus submissions may result in financial penalties and interest charges. Under Cyprus VAT law, the standard fine is €100 per late return, plus interest on unpaid amounts. Timely filings help avoid these costs and ensure compliance with the correct Cyprus VAT code.
2. What are the reduced VAT rates in Cyprus?
Cyprus applies reduced VAT rates of 5% and 9% to certain goods and services. Foreign businesses reclaiming VAT should apply the correct Cyprus VAT rate code when reviewing expenses. A Cyprus VAT calculator can help estimate reclaimable amounts based on applicable rates.
3. What documentation is necessary for VAT refund claims in Cyprus, particularly for international purchases?
Businesses must provide valid invoices, proof of payment, and evidence that the expenses are for business use. Claims under Cyprus VAT law require the correct application of Cyprus VAT rates. Refunds on international purchases such as Cyprus VAT charged on property services must comply with local regulations.
Explore VAT reclaim opportunities in
Nearby Countries
Greece
Bulgaria
Serbia
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