VATupdate

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Changes to VAT periods and deadlines

As per a VAT decree issued by the Cyprus Tax Department on 16th of April 2020 which is part of the COVID-19 Government measures for the Cyprus economy, certain changes would apply to specific taxpayers/businesses (which have already received a relevant email notification in their Taxisnet email account by the VAT Department) in respect of:

  •       their VAT reporting periods (VAT returns)
  •       the deadlines for submitting the VAT returns for these periods, and
  •       the deadlines for payment of the output VAT due

Source: BDO Cyprus

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