The new legislative amendments, Law 121(I)/2020 and Law 122(I)/2020, which have been voted in the meeting of the House of Representatives of the Republic of Cyprus held on 31/07/2020, were published on 20/8/2020.
The main aim of the amendments is twofold:
1. to improve VAT collection and
2. to combat VAT fraud.
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Author: Demetra Constantinou – VAT Partner