Cyprus: New register for self-service establishments
Self-service establishments must register with the relevant register by 6 February 2023.
Self-service establishments must register with the relevant register by 6 February 2023.
The Deputy Ministry of Tourism announced that self-service establishments must register with the relevant register by 6 February 2023.
In order to register, establishments must be registered for tax purposes (with tax Identification number and value added tax (VAT) registration number if applicable) and the property must be insured. The registration fee is €222 per establishment, covering a period of three years.
Once registered, establishments can be advertised and rented, and the special mark and registration number from the Deputy Ministry of Tourism must be listed on each platform where the establishment is advertised, as well as in all relevant transactions.
Income derived from the rental of any establishment is subject to income tax and VAT and is also subject to overnight fees to the local authorities.
Read a January 2023 report prepared by the KPMG member firm in Cyprus
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