Cancel registration
 When is VAT registration cancelled
(i) Cancellation due to reduced turnover
Where a registered person notifies the Tax Department/VAT (form VAT 204) that his annual taxable turnover has fallen below EUR 13 668.81 and applies to cancel registration, the authorized officer will check the accuracy of the declaration and then notify in writing, of his decision. Taxable persons must continue to charge and remit VAT pending notification of cancellation of their VAT registration.
(ii) Cancellation due to cessation of trading or of the intention to carry out taxable transactions
Where a business ceases to carry out taxable transactions and is not entitled to remain registered or ceases to intend to carry out taxable transactions, it must notify the Tax Department/VAT within 60 days of cessation of trading or of the intention to carry out taxable transactions by submitting form VAT 204 "application for cancellation of VAT registration" . If it fails to do so, a fine of EUR 85 will incur. The VAT registration may be cancelled from the date on which it ceased trading or from the date on which it ceased to intend to carry out taxable transactions or from an agreed later date.
(iii) Retroactive cancellation
If the authorized officer is convinced that the registered person was neither required nor entitled to register on the registration date, he may cancel the VAT registration with retroactive effect. Cancellation takes effect from the date on which the person is registered for VAT.
Additional information on points (i) to (iii) above can be found in Information Leaflet 4 "Cancellation of VAT Registration" (available in Greek).
(iv) Cancellation in the case of distance sales
Where a trader registers because he carries out or intends to carry out distance sales in Cyprus, he must cancel his VAT registration if he ceases to carry out or ceases to intend to carry out distance sales in Cyprus and does not carry out other transactions for which he is required to be registered.
(v) Cancellation in the case of acquisitions from other Member States
Where a trader registers because he carries out or intends to carry out acquisitions from other member States, he must cancel his VAT registration if he ceases to carry out or ceases to intend to carry out such acquisitions in Cyprus.
Additional information on cancellation of VAT registration in cases (iv) and (v) above can be found in Information Leaflet 3A "Acquisitions and Distance Sales" (available in Greek) .
 How is a VAT registration cancelled?
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