Key changes by country • Bulgaria o Arrivals : the reporting threshold will increase from BGN 1,700,000 in 2025 to BGN 1,760,000 o Dispatches : the reporting threshold will increase from BGN 2,200,000 to BGN 2,250,000 • Cyprus o Arrivals : the reporting threshold will rise from EUR 350,000 in 2025 to EUR 380,000 o...
This rate cut was due to end on April 30, 2024. However, the Cypriot government has decided to extend until June 30, 2024, the temporary application of the 0% VAT rate on certain food products: milk, bread, eggs and baby food.
The Cypriot government has approved a 0% VAT rate for certain food products: milk bread eggs baby food This temporary measure expires on October 31, 2023.
A proposal has been published to introduce a 3% VAT rate in Cyprus. If adopted by the Council of Ministers, this rate should apply to : books, magazines and similar products (physical or electronic media) stairs, elevators and wheelchairs for the disabled orthopedic appliances street cleaning and dog collection services, wastewater disposal and treatment at...
The Cypriot administration has updated the thresholds for the introduction and shipment of INTRASTAT declarations in 2022: The threshold for the introduction is raised from 180,000 euros to 230,000 euros Shipping threshold increases from EUR 55,000 to EUR 75,000
From 1st July 2020 to 10th January 2021, a 5% VAT rate will be apply to accommodation and hospitality services. Usually, these services are taxed at the 9% VAT rate.
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...
