Cyprus: Monthly VAT return requirement

Cyprus: Monthly VAT return requirement

A ministerial decree (April 2020) requires certain value added tax (VAT) returns to be submitted monthly, instead of quarterly.


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The decree also provides rules for the time for payment of all or part of the VAT due.

  • Taxpayers with an economic activity code referenced in the Amending Law (No. 2) of 2020 must remit the full amount due.
  • Taxpayers with an economic activity code that is not included in the amending law but who are considered to be “large taxpayers” are to remit 30% of the amount of VAT due.

Read an April 2020 report [PDF 88 KB] prepared by the KPMG member firm in Cyprus

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