OUR SERVICES
VAT can be a major risk area for fast-moving businesses. We help you determine whether and when you need Cyprus VAT registration, and we manage ongoing filings so that your operations stay compliant while you focus on sales and growth.
VAT Rules and Thresholds
We explain rules in clear language, supported by examples tailored to your sector, covering standard and reduced rates, exempt activities, and obligations for foreign companies.
Standard Rate
Most goods and services
Tax Treaties
Hospitality, restaurants
Reduced Rate
Specific goods and services
Zero Rate
Exports, international transport
Do You Need VAT Registration?
You may need to register for VAT in Cyprus if any of the following apply:
Not sure?
We assess your activities, contracts and revenue flows to confirm obligations.
FILING
VAT Filing Requirements
Once registered, you must meet these ongoing obligations. Aqualis can fully manage these or support your in-house finance team with reviews and guidance.
01
Periodic VAT Returns
Quarterly or monthly submissions depending on turnover
02
Record Keeping
Maintain proper records and invoices for 7 years
03
VIES Statements
File for intra-Community supplies of goods and services
04
Audit Response
Respond to VAT audits and information requests
Reverse Charge & OSS Schemes
For many international businesses, understanding reverse charge rules in Cyprus and EU OSS/IOSS schemes is critical
Free initial consultation
Response within 24 hours
No obligation
Aqualis, based in Cyprus, is an independent firm of Chartered Accountants and a practicing member of ICPAC and ICAEW.
We offer expert tax, advisory and audit services with integrity and innovation, delivering tailored solutions for the dynamic international markets and guiding businesses.