A comprehensive guide to VAT in Cyprus – 2024 update
Cyprus is a member of the European Union and its primary VAT legislation is governed by the Cyprus Value Added Tax Law 95(I) of 2000, which has undergone amendments to align with EU regulations.
The main VAT regulations in Cyprus are outlined in the Value Added Tax (General) Regulations, 2001. Like its EU counterparts, Cyprus has updated its VAT laws in several respects. The nation adopts three VAT rates: a standard rate of 19%, and lower rates of 9% and 5%.
Everything you need to know about VAT registration, returns, Tax Representation (if applicable), and your legal duties in Cyprus is conveniently located right here!
Source GlobalVATcompliance
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