Appointment of a VAT fiscal representative for UK businesses in Cyprus – important change!!!
The Tax Department in Cyprus has now issued a formal announcement that, on the basis of the Protocol on Administrative Cooperation and Combating Fraud in the field of value added tax and on mutual assistance for the recovery of claims relating to taxes and duties, which is part of the EU-UK Trade and Cooperation Agreement, Cyprus will NOT require UK non-established persons to appoint a VAT fiscal representative in Cyprus or provide a bank guarantee.
The above will remain in force unless the TCA is not duly ratified (currently applicable provisionally as from 1 Jan 2021).
Source
Latest Posts in "Cyprus"
- Cyprus VAT Law
- Cyprus Extends Reduced VAT on Electricity Bills for Households Until March 2027
- Cyprus Extends Zero Percent VAT on Baby Milk, Diapers, Hygiene Products, Fruits, and Vegetables
- Cyprus Extends VAT Exemption Election Deadline for Commercial Real Estate Lessors to March 2026
- Cyprus Extends 0% VAT on Essential Goods, Including Baby and Hygiene Products, Until End of 2026
