- 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.
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