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For non-resident companies trading in Cyprus that are tax registered in their home country, the VAT registration threshold is nil.
For EU VAT registered companies selling goods over the internet to consumers in Cyprus, the VAT registration threshold (distance selling) is €35,000 per annum. The VAT threshold for distance selling of excise goods (for example, alcohol, tobacco, etc) is nil.
The Cyprus tax department will require the appropriate forms to be completed, and submitted with the following documentation:
The VAT Department usually assigns a unique VAT number to the business on the day the registration is received or within three days at the latest. All EU member states have a fixed format for their VAT numbers.
Country Code | CY |
---|---|
Format | 12345678X |
Characters | 9 characters The last character must always be a letter |
Notes |
Once a business has its VAT number, it is free to commence trading, and charging Cyprus VAT. It must comply with the Cyprus VAT compliance rules, and file regular returns (see Cyprus VAT Returns briefing).
+44 (0)1273 022400