Cyprus – Covid-19: VAT Payment Deadline Extended

Following the health crisis (covid-19), the Cypriot authorities have announced a plan to postpone the VAT payment deadline for the periods ending February 29th, March 31st and April 30th 2020 to 10th November 2020, subject to meeting certain conditions set out below:

  • the taxable person must submit the return within the legal deadline,
  • the amount for the above periods must be paid no later than November 10th 2020,
  • the taxable person’s economic activity as shown on the registration certificate must not be expressly excluded from the profits for this scheme.

No additional tax will be applied on the VAT to be paid, interest on late payment will not be applied and no penal sanctions for non-payment of VAT and non-submission of tax returns will be applied for the above-mentioned periods. These measures also apply to non-residents.

Expert

NEED HELP ?

Rely on our experts to manage your international VAT obligations.

OTHER VAT BRIEFS Covid-19
On 17th May 2021, the “State Action at Sea” division of the French Maritime Authorities for the Mediterranean published prefectural order n°094/2021 which, in article 1, provides for the removal...
Due to the current health crisis (COVID-19), Germany has announced that it is extending the reduced VAT rate of 7% on food in bars and restaurants until 31st December 2022....
As of January1st 2021, the 19% and 7% VAT rates apply again in Germany. Germany has authorised a temporary reduction in its VAT rates. The standard VAT rate was reduced...
Due to the current health crisis (COVID-19) some sectors of the economy have been heavily impacted. Austria has therefore decided to apply a 5% VAT rate to the gastronomy, culture...
Other VAT infoCyprus

Tax Mag

VAT Updates per Month
Newsletter

NEWSLETTER

Get the latest news about VAT in Germany and the European Union straight to your mailbox.

we respect your privacy