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 2023
- 5% or 9%
- 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:
Cyprus Value-added tax (VAT) Thresholds
These are the revenue thresholds at which businesses in Cyprus are required to start collecting and remitting tax.
- EUR15,600 (in a 12-month period)
- Distance selling
- EUR35,000 (annually)
- Intra-Community acquisitions (for Intrastat)
- Intra-Community supplies (for Intrastat)
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
Cyprus Tax Sources & Citations
- EN: Cyprus Value Added Tax
- RU: НДС Кипр
- CN: 塞浦路斯 增值税
- Cyprus Tax Department, Indirect Taxation (1)
- Ernst & Young global VAT tax study, Cyprus (updated 2023)
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