Cyprus VAT Law Amendments: Virtual Event Supply Rules Effective January 2025

• Amendments to Cyprus VAT Law effective January 1, 2025
• Changes approved by the Council of Ministers on June 6, 2025
• Amendments concern the place of supply for virtual event admissions
• For B2B, virtual participation is not considered “admission”
• B2B supply location based on recipient’s location per Article 10A
• No VAT for B2B customers in non-EU countries
• No VAT for B2B customers in EU, but must report in VIES with “Reverse charge”
• For B2C, virtual participation is not considered “admission”
• B2C supply location based on recipient’s establishment or residence
• No VAT for B2C customers in non-EU countries
• VAT charged for B2C customers in EU at the applicable rate
• Suppliers can register under OSS for streamlined VAT reporting in EU

Source: kpmg.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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