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    VAT update Exemption from VAT for educational services for vehicle technicians 24 May 2021
    On 26/4/2021 an amendment to the Cyprus VAT Law was published in the official Gazette which exempts from VAT educational services for vehicle technicians.
    VAT update Penalties write off for March - July 2020 13 May 2021
    On 29/4/2021 an amendment to the Cyprus VAT Law was published in the official Gazette which precludes the imposition of penalties in specific cases
    VAT Update Coronavirus Response: exemption from VAT 22 Apr 2021
    The European Commission has issued a press release on 12/4/2021 according to which it has proposed to exempt from Value Added Tax (VAT) goods and services made
    VAT Update Penalties for omissions relating to the application of reverse charge 29 Mar 2021
    Following the amendments of the Cyprus VAT Law that were announced in the Government Gazette on 20/08/2020, the Tax Department will impose penalties, as from
    VAT Update Time of supply of non-monetary consideration in relation to supplies in the construction industry 25 Feb 2021
    The Cyprus Tax Department has issued Implementing Regulation No.11/2021 of 17 February 2021, providing clarifications in relation to the time of supply in
    VAT UPDATE Payment of VAT in instalments 09 Feb 2021
    Following the enactment of N5(1)/2021 amending the Cyprus VAT Law which was announced on 9/1/2021, the Tax Department issued a notice providing clarifications
    VAT Update Payment of suspended VAT in six equal instalments 03 Nov 2020
    A new VAT law amendment (Decree N.147(I)/2020) published in the Cyprus Gazette on 2/11/20 provides for an extension of the payment for the outstanding amounts
    VAT Update EU quick fixes packages 27 Jul 2020
    On 3 July 2020 the Cyprus Parliament published legislation (Law Amending the VAT Law (No.2) of 2020) relating to the “quick fixes” package provided for by EU
    VAT Updates Reduction of VAT rate for services in the tourism industry 24 Jun 2020
    Following on with the most recent measures announced by the Minister of Finance in support of the Cyprus economy, the Council of Ministers has issued a new
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