- 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.
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
