Cyprus Amends VAT Rules for Virtual Events: Customer Location Determines Taxation from 2025

• Cyprus Tax Department issued an order amending VAT Law effective from 1 January 2025
• Amendment clarifies place of supply rules for various services
• For in-person events, place of supply is where the event occurs
• For online events, place of supply depends on customer location
• Organisers must apply VAT based on customer location for B2C supplies
• Aligns with EU VAT principles for digital services
• Businesses need systems to identify and validate customer location for VAT
• Contact tax advisor or Cyprus Tax Department for further advice

Source: fintua.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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