IBCCS TAX provides professional support with VAT administration in Cyprus for local and international businesses. The Cyprus VAT system is managed by the Tax Department under the Ministry of Finance and complies with the EU VAT Directive. Businesses are required to register for VAT in Cyprus once the relevant threshold is exceeded, and must meet ongoing obligations such as issuing VAT-compliant invoices, maintaining proper accounting records, and submitting VAT returns in Cyprus on time. The standard VAT rate in Cyprus is 19%, while reduced rates of 9% and 5% apply to specific categories of goods and services. Our experienced team offers end-to-end assistance with Cyprus VAT compliance, including registration, consulting, and communication with the local tax authorities. We help ensure full compliance while optimising your business operations in Cyprus.
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Since 2014 we’ve continually explored new ways of finding viable solutions. Our vision is to keep doing business that inspires us to create more. Our mission is to create a better everyday operating life for the businesses and to offer a wide range of tailor-made solutions.
We assist our clients in relocation and at all stages of their entrepreneurship adventure: from structuring the business in a tax-efficient manner, through the daily administration and operations of the companies.
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