Standard VAT rate

19%

Country code

CY

Reduced VAT rates

5%, 9%

Super reduced rate

N/A

VAT returns

Quarterly

VAT number format

CY 12345678X

Latest news from Cyprus

Cyprus advises companies to make EU Refund Directive claims by 10 March 2019

The Cypriot tax authorities have recommended that Cypriot and UK businesses, who use the EU Refund Directive mechanism to claim back VAT incurred in the UK and Cyprus during 2018, should complete their applications by 10 March 2019. Normally these types of claims would have a submission deadline of 30 September in both countries. However,… Read More

Cyprus increases standard rate of VAT

The 15% standard rate of VAT will increase from 1 March 2012 to 17%.