Cyprus VAT Registration - Explained in Simple words

1. The charge for our review of your accounting records every 6 months will be Euro 100 + VAT (in total Euro 200 + VAT for the whole year) 

2. Please find below explanation regarding the vat matter as discussed: 

In case your sales exceed the amount of Euro 15,600 in 12 consecutive months you will have to be registered with the VAT. 

a) If you are registered with the VAT you will have to charge VAT rate as per below: 

- CY Clients:                                                  19% vat rate  

- European VAT Registered Clients:             Non applicable via the VIES mechanism

- European Non VAT Registered Clients      Cyprus VAT Rate 19%

- Non European Clients                                 Non applicable  

b) If you are not registered with the VAT no VAT applies; i.e

- CY Clients:                                                       Non applicable 

- European Clients:                                            Non applicable 

- European Non VAT Registered Clients           Non applicable 

- Non European Clients: Non applicable           Non applicable