Corrective Changes to VAT Return: Cyprus Implements New Regulations for Error Corrections

• Taxable persons in Cyprus can make corrections to their VAT returns if they identify errors.
• The errors must relate to a period within 3 years from the end of the specified tax period and must be related to an incorrect tax return.
• The total sum of errors in both output tax and input tax should not exceed €1708.60.
• A request for amendment can be submitted via email to the tax department through the TAX FOR ALL platform, mentioning the identified errors and providing supporting documents if necessary.
• The request will be assigned a serial number and handled by the tax department’s officers.
• The option to amend the tax return will be available from September 17, 2023.

Source: eurofast.eu

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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