eInvoicing Country Factsheets for each Member State & other countries
- The Digital Strategy for Cyprus recommends eInvoicing to enable a smart, sustainable and inclusive economy and society.
- Directive 2014/55/EU has been transposed via the law of 26 June 2019 on eInvoicing in public procurement. Receiving and processing of compliant e-Invoices is mandatory for central public sector bodies from 18 April 2019 on. Sub-central entities are mandated to receive and process compliant eInvoices from 18 April 2020 on.
- The Ministry of Finance is responsible for implementing eInvoicing in Cyprus. Currently, the local regulatory framework is fully harmonised with EU Directive 2014/55/EU. Cyprus is expected to develop a centralised eInvoicing platform to process eInvoices.
- The approach for receiving and processing will be updated and performed in an automated manner once the centralised ERP System of the Cypriot Government enters into operation (2024). At sub-central level, authorities are mandated to receive and process EN-compliant eInvoices since 18 April 2020.
- There are no CIUS at national level. Cyprus follows the Peppol BIS Billing 3.0 CIUS. E-invoicing is not currently used for VAT digital reporting in Cyprus.
Source ec.europa.eu
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