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Tax Department

Registration


VAT Registration

1. Compulsory registration
According to the VAT Law, any person with taxable supplies (standard, reduced and zero rate of VAT) should be registered for VAT purposes:

(i) at the end of any month, if the value of taxable supplies during the one year period ending at that point, has exceeded € 15,600.
(ii)at any time if there are good reasons to believe that the value of taxable supplies during the thirty day period beginning at that time, exceeds € 15,600.
A person who by virtue of (i) is liable to be registered, is obliged to notify the Tax Commissioner of his liability by submitting both the form TD 2001 “Application for Obtaining a Tax Number” and form TD1101 (only in greek) to the local Offices, within thirty days of the end of the relevant month and his registration is effective as from the end of the month following the relevant month or from such earlier date as may be agreed between the person and the VAT Officer.
If a person is liable to be registered by virtue of (ii), is obliged to notify the Tax Commissioner of his liability by submitting forms TD 2001 and TD1101 to the local Offices, before the end of thirty-day period to which the liability arises and the registration is effective as from the beginning of this period.

Failing to comply, is liable to a levy of €85 for every month or part of month of the delay or refusal or omission.
It is clarified that the liability of a taxable person to be registered exists whether or not he has submitted an application for registration. The Tax Commissioner is authorized by the Law to register a taxable person retrospectively, that is from the date that person was, according to the Law, liable to registration. If a taxable person liable to registration neglects to be registered, he is still liable to pay tax on all the supplies he made from the date he was liable to registration.
It is noted that persons making zero-rated supplies are also liable to be registered.

2. Voluntary registration
A person not liable to be registered is entitled to be registered voluntary in the following cases:
a) Actual traders. A trader with taxable supplies that not exceed the provisions of €15.600.
b) Intending traders. A trader who carries on a business with intention to make taxable supplies in the future.
c) Businesses making transactions outside Cyprus can also register voluntarily. This is allowed provided the supplies (or intended supplies) would have been taxable if carried out in Cyprus. This business must however have a business establishment in Cyprus, or its usual place of residence is in Cyprus. For Companies means management and control
For more information about VAT registration see information leaflet 3 (only in greek).

3. Acquisitions and VAT Registration
Any person making acquisitions in Cyprus is liable to be registered:
(a) at the end of any month, the total value of that person΄s acquisitions from all other member States in the year beginning from 1 January has exceeded the registration threshold of €10.251,61; or
(b) at any time that there are reasonable grounds to believe that the value of the acquisitions that person would be making in the following 30 days alone will be over the registration threshold of €10.251,61;

A person making acquisitions, according to the previous paragraph, is liable to notify Tax Commissioner his liability by submitting form VAT 106 (only in greek). Failure to comply, renders the person liable to a levy of €85 for every month of the delay or refusal or omission.
Where the acquisitions of any person does not exceed the threshold of €10.251,61, then that person may register for making acquisitions in Cyprus, voluntarily.
For more information on Acquisitions and Distance Sales see the information leaflet 3A (only in greek).

4. Distance Sales
Any person making distance sales (sales from a person established in another Member State), is liable to register for VAT purposes in Cyprus and account for VAT in Cyprus, if, in the period starting from the 1st January of the year, the value of distance sales exceeds €35.000. This person is liable to notify liability to register on Form VAT 105. Failure to comply, renders the person liable to a levy of €85 for every month of the delay or refusal or omission.
There is also the right for voluntary registration when the threshold is not reached.
For more information on Distance see the information leaflet 3A(only in greek).



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