How you can Get a VAT Refund from Cyprus
Here you can find information about refunds for cross-border transactions and does not address VAT refunds where both vendor and customer are based in the same country. If you are travelling to or conducting business with companies in Cyprus, you may be eligible to claim back Cypriot VAT. We have compiled everything you need to know on this page about VAT refund eligibility, Cypriot VAT rates, deadlines for claiming the VAT back, the common services with refundable VAT and the processes to recover Cypriot VAT.
Here you can find information about refunds for cross-border transactions and does not address VAT refunds where both vendor and customer are based in the same country. If you are travelling to or conducting business with companies in Cyprus, you may be eligible to claim back Cypriot VAT. We have compiled everything you need to know on this page about VAT refund eligibility, Cypriot VAT rates, deadlines for claiming the VAT back, the common services with refundable VAT and the processes to recover Cypriot VAT.
Who can Claim VAT Refunds?
VAT Refunds for EU Companies
If you are a VAT registered company in an EU Member State and have conducted cross border transactions in another Member State where you are not VAT registered then you are eligible to recover the VAT according to Articles 170-171a VAT Directive and following the full rules laid out in Directive 2008/9/EC .
VAT Refunds for Non-EU Companies
If you are a VAT registered company established outside of the EU and you are charged VAT on business activities conducted in an EU Member State where you are not VAT registered, then you are entitled to deduct the VAT through means of a refund from the country where the VAT was paid according to the 13th Directive (69/59/EEC).
Click here for details regarding the country specific rules for VAT refund in each EU country.
Cypriot VAT Rates: FPA
Standard rate 19%
Reduced rate 9% – This applies to restaurants and hotels
Reduced rate 5%
Deadlines for Claims Submission
For companies outside the European Union
December 30 (Year n + 1)
For companies in another EU member state
September 30 (Year n + 1)
VAT Refund Information
Retrospective Claims
A company can claim back VAT from the previous VAT year, no extended deadline is available.
Rule of Reciprocity
An EU claimant can claim VAT from any other EU Member State and recover the VAT according to the Member State of Refund’s local VAT legislation.
For non-EU claimants and/or refunds from non-EU Member States, some countries will only grant a VAT refund if the country where your company is registered offers similar VAT refund arrangements, the so-called rule of reciprocity.
Cyprus has a reciprocal agreement with Israel and Norway.
Services where VAT Refund is Available
The common services with refundable VAT are:
Fuel for various means of transport
Expenditure on receptions, entertainment, hospitality, and other luxury services
Attending fairs, seminars, exhibitions, and related costs
Hosting fairs, seminars, exhibitions, and related costs
VAT Refund Process
VAT Refund Process for EU Companies
An electronic refund claim is submitted to the claimant’s national tax authority portal providing the following:
- Claimants details
- Summary of the refund request
- Details of each invoice related to the VAT refund application.
- Cyprus request scanned images of original invoices above 1000€ excluded VAT and above 250€ excluded VAT for fuel.
VAT Refund Process for Non-EU Companies
An application to the tax authority where the VAT was incurred shall be sent in original providing the following:
- Claimants details
- Summary of the refund request
- Details of each invoice related to the VAT refund application
- All original invoices related to the VAT refund must be included with the application
Contact Us
For additional information regarding the process and how we can assist,
please get in touch with us.
Our good placement all around the world will get you covered.
