CY Value-added tax (VAT) Rates Cyprus — Value-added tax (VAT)

General VAT Rate Other Rates Local Currency
19% 9%, 5%, 0% Euro (EUR)

Cyprus's general VAT rate is 19%, with other rates including 9%, 5% and 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Tax Department, Indirect Taxation (http://www.mof.gov.cy/mof/vat/vat.nsf/dmlindex_gr/dmlindex_gr?opendocument) in Nicosia.

Visitors to Cyprus can qualify for a VAT refund on all purchases made for export - learn more about Cyprus VAT refunds here.

Cyprus has the following reduced VAT rates:

9% reduced VAT rate on: retaurants and transport services
5% reduced VAT rate on: printed materials; cultural and sporting events; hotel accomodation.

Cyprus is a member of the European Union trading bloc, which may affect international VAT collection and regulations.

Cyprus's consumption tax is called the Value-added tax (VAT), which was introduced in July 1992.


Cyprus VAT rates for 2017

Standard
19%
Reduced
5% or 9%
Other
Zero-rated and exempt

Cyprus VAT number format

Businesses in Cyprus that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Tax Department, Indirect Taxation, and will follow a certain format. The VAT number format is 12345678X.


Cyprus VAT return periods

Businesses in Cyprus that are required to collect tax from consumers must file regular tax returns with the Tax Department, Indirect Taxation in Nicosia. Cyprus's VAT return periods are:

Quarterly


Cyprus Value-added tax (VAT) Thresholds

These are the revenue thresholds at which businesses in Cyprus are required to start collecting and remitting tax.

Registration
EUR15,600 (in a 12-month period)
Distance selling
EUR35,000 (annually)
Intra-Community acquisitions (for Intrastat)
EUR100,000
Intra-Community supplies (for Intrastat)
EUR55,000

Recovery of VAT by non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Cyprus are required to collect taxes from the consumer.


Cyprus VAT Refunds

Cyprus has a VAT refund program that allows tourists and others to receive a refund of any Cyprus VAT paid on goods purchased in Cyprus that are being exported from the country.

The minimum purchase amount needed to claim a VAT refund is €50.00 Euros (which would yield a VAT refund of about €9.5). SalesTaxHandbook has detailed information about Cyprus's VAT refund program:

Learn More About Cyprus VAT Refunds

CY Value-added tax (VAT) Rates Cyprus Tax Sources & Citations

  • EN: Cyprus Value Added Tax
  • RU: НДС Кипр
  • CN: 塞浦路斯 增值税
Note: This page is intended to be a simple overview of Cyprus's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Cyprus tax information on this page is incorrect or out of date.
Citations:
  1. Cyprus Tax Department, Indirect Taxation (http://www.mof.gov.cy/mof/vat/vat.nsf/dmlindex_gr/dmlindex_gr?opendocument)
  2. Ernst & Young global VAT tax study, Cyprus (updated 2017)

  3. ← Back to World VAT Rates
** This Document Provided By SalesTaxHandbook **
Source: http://world.salestaxhandbook.com/cy-cyprus