News

Tax Portal is now live

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...
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Tax Portal to be launched soon

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...
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VAT on hospitality and transport temporarily reduced to 5%

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%...
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CYVA releases first webinar on VAT

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...
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Tax Department extends opening hours

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...
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Tax Department contact details

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...
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Tax Department clarification on taxable persons

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...
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New VAT legislation on VAT returns and payments

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...
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Guidance on suspension of VAT on medical equipment

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...
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