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Nicosia – The Cyprus Tax Department launched yesterday its much-awaited digital Tax Portal, putting an end to tax payments at local district offices on 1 September 2020. The Tax Department launched the Portal with an announcement on its website, in which it outlines its purpose, features and access method. The Tax Portal can be accessed...
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Nicosia – The much-awaited ‘Tax Portal’ will soon be made available to the public. The launching of the portal was announced by the Tax Department on 26 June 2020 here, saying it will be functional in “the next few days.” The Portal will be the new digital point of contact between taxpayers and the Tax...
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Nicosia – As part of its efforts to boost the coronavirus-stricken economy, the Cyprus government has temporarily reduced the VAT rate that applies to certain services in the tourism, restaurant and transport industries from 9% to 5%. The Council of Ministers, exercising the relevant powers granted under Article 18(2) and Article 18A(2) of the VAT...
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Nicosia – The Cyprus VAT Association (CYVA) has released its first of a series of online seminars, titled ‘VAT: Measures against the pandemic’. The 40-minute-long, pre-recorded webinar is delivered in Greek by the Chairwoman of CYVA, Demetra Constantinou, and is now available for general viewing. The webinar presents the VAT measures that were adopted in...
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Nicosia – The Cyprus Tax Department has extended its opening hours from 18 May to 31 May 2020. Beyond their normal business hours of 8.30am to 2.30pm daily, the Department will also accept visitors at all district offices on Mondays, Tuesdays and Thursdays from 2.30pm to 5.30pm for certain services and in designated areas. The...
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The Cyprus Tax Department recently published a list of contact details of their VAT District Offices and other useful information, in an effort to promote communication electronically or by telephone.   Indirect Tax (VAT) District Telephone Email Nicosia 22 404 615 [email protected] Limassol 25 848 888 [email protected] Paphos 26 804 310 [email protected] Larnaca 24 801...
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Nicosia – Further to our previous correspondence regarding monthly VAT returns and payments, on 21 April 2020 the Tax Department (TD) issued a clarification notification as follows. Taxable persons: who have been notified that their VAT returns are switched from quarterly to monthly, and whose tax return ended on 29/2/2020 and was submitted on 10/4/2020,...
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Nicosia – A new VAT law has been published in the Government Gazette changing, among other things, VAT returns and payments to monthly for certain taxable persons. The specific businesses that are being affected have been notified by the Tax Department (TD) through the email they have provided to TAXISnet. The relevant notification, as well,...
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Nicosia – Further to the decision of the EU Commission to suspend customs duties and VAT on medical equipment required for the treatment of the Covid19 pandemic, the Cyprus Customs and Excise department has issued its own announcement on the matter with some technical guidance as to the relevant codes to be used on import...
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Nicosia – The Ministry Of Finance (MoF) issued on 10/04/2020 an announcement confirming that decree ΚΔΠ145/2020, which announced payment of VAT on account on a monthly basis for certain businesses will not be put in effect. It is noted that the only VAT measure announced under the Covid-19 fiscal package of the government is the...
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