- Cyprus tax department issued Circular 3/2025 on 8 April 2025
- Circular clarifies VAT rules for unredeemed expired vouchers
- Single-purpose vouchers: VAT is accounted for at issuance
- No VAT adjustment needed if single-purpose vouchers expire unused
- Multi-purpose vouchers: VAT is applied at redemption
- No VAT is due if multi-purpose vouchers expire unused
Source: regfollower.com
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.
Latest Posts in "Cyprus"
- 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
- Cyprus extends Zero-VAT relief on essential goods through 2026
