Via Madonna dello Schioppo, 67 - 47023 Cesena (FC) - Italy
Tel 0039-0547-380622 - FAX 0039-0547-630654 info@tva-international.it

VAT REFUND IN CYPRUS:
ALL NON-RESIDENTS ARE ELIGIBLE FOR REFUND

a) Refundable expenses: 
All expenses concerning the Company activity including Hotel accommodation and entertainment/hospitality provided only to the employees and directors/managers of the company.

b) Suitable documents: 
Original INVOICES (NO RECEIPTS) showing the following details:

  1. PLACE, DATE OF ISSUE, INVOICE NUMBER
  2. NAME OF THE SUPPLIER, ADDRESS AND V.A.T. REGISTRATION NUMBER
  3. COMPLETE HEADING OF THE PURCHASER
  4. DESCRIPTION AND QUANTITY OF THE PURCHASED GOODS OR RENDERED SERVICES
  5. TYPE OF SUPPLY BY REFERENCE TO THE DIFFERENT CATEGORIES
  6. TAXABLE AMOUNT EXPRESSED IN CYP (CYPRUS POUNDS)
  7. VAT AMOUNT EXPRESSED IN CYP (CYPRUS POUNDS) AND, IN CASE, EXCHANGE IN €
  8. VAT RATES 15% - 8% - 5%
  9. TOTAL PAID AMOUNT EXPRESSED IN CYP (CYPRUS POUNDS).

INVOICES lower than CYP 50 (about € 30,00), VAT included, have to show only the following details:
- DATE OF THE SUPPLY
- NAME, ADDRESS AND V.A.T. REGISTRATION NUMBER OF THE SUPPLIER
- DESCRIPTION OF THE PURCHASED GOODS OR RENDERED SERVICES
- TOTAL AMOUNT PAYABLE INCLUDING VAT
- VAT RATES AND RELEVANT AMOUNT.

EACH INVOICE/RECEIPT ISSUED ONLY IN GREEK LANGUAGE MUST BE FOLLOWED BY A DESCRIPTION OF THE GOODS OR SERVICES IN ITALIAN OR ENGLISH LANGUAGE.

N.B.: INVOICES WITHOUT ABOVE-LISTED DETAILS WILL BE REJECTED BY CYPRIOT AUTHORITIES.

c) Registration for the electronic VAT refund system

d) Forwarding of the documents: 
Quarterly/six-monthly or yearly as soon as You get Your purchase invoices . We advise You to send the invoices before 31st March of the following year to our office.

e) Minimim VAT amounts: 
Yearly application: CYP. 145 (€ 250,00)