Value Added Tax (VAT) was introduced in Cyprus in 1st of July 1992.
The local name for VAT is Fóros Prastithémenes Axías (Φόρος Προστιθέμενης Αξίας) and the abbreviation is ΦΠΑ (FPA).
The VAT legislation in Cyprus is based on the European model of VAT and is administered by Cypriot Ministry of Finance.
Learn more about :
- What is the VAT Rate in Cyprus?
- Requirement to Register for VAT
- Invoicing Requirements
- VAT Filing Frequency
- Deadlines and Penalties
- Agents and Fiscal Representatives
- IOSS and Intrastat
- Brexit and VAT
Source Taxbackinternational
Latest Posts in "Cyprus"
- 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
- Role of Fiscal Devices in Ensuring Tax Compliance and Transparency in Cyprus
