VAT Updates on E-Commerce repeat

Nicosia – The Chairwoman of the Cyprus VAT Association (CYVA), Demetra Constantinou, delivered yesterday a webinar on the latest VAT Updates on E-Commerce.

The webinar was a repeat of a similar program CYVA organised on Thursday, 21 October 2021 for members of the Cyprus Employers & Industrialists Federation (OEB).

The morning webinar was moderated by the Secretary of CYVA, Panayiotis Panayi.

Constantinou analysed to participants, which included both members and non-members of CYVA, the current and new VAT rules on e-commerce and the need for change.

She offered them an overview of the three special One-Stop Shop schemes, namely the Union Scheme OSS, the Non-Union Scheme OSS and the Import Scheme IOSS and then went on to explain the new provision of Deemed Supplier.

CYVA regularly organises VAT-specific topics either on its own or in cooperation with local professional bodies and associations.

CYVA was established in 2019 with the aim of providing a unified and independent voice to all professionals and businesses in Cyprus on Value Added Tax (VAT) matters.

Members of CYVA include Cyprus businesses such as law, accounting and audit firms, corporate and administrative services companies, local and international business companies, as well as self-employed persons.