Contact Us

Contact Us

PKF Cyprus

A member of PKF International. A global family of legally independent firms.

Very important additional clarifications to Cyprus companies that submit VAT returns

It concerns Cyprus businesses 1) that have been notified that their tax period changes from quarterly to monthly 2) that have not been notified but their activity code is according to the table (shown below), 3) All other companies.

Following our previous updates regarding the changes in the periods for submitting a VAT return, the following should be taken into account as clarified by the Cyprus VAT Department:

  1. Cyprus Companies that have been notified that their tax period is changing from quarterly to monthly – Of these companies included in the table must pay 100% of the VAT due on the relevant dates. All other companies that received notification but are not included in the table will pay VAT according to the relevant announcement, which is 30% in the first month and so on.
  2. Cyprus Companies that have not been notified but whose activity code is in accordance with the table – The tax period of these companies will remain quarterly and will be submitted normally, however, they will have to pay the VAT on the expiration date, i.e. they will not be allowed to pay VAT until November 10, 2020
  3. All other Cyprus companies – Includes companies that did not receive notification and those whose business code is not included in the table. These companies will remain on a quarterly basis, will normally submit the VAT form, and will be allowed to pay the VAT obligation until November 10, 2020. It is noted that the extension for the payment of VAT until November 10, 2020 concerns tax periods that expire on February 29. , March 31 and April 30, 2020.


35111 Electricity generators

36001 Collection and distribution of water (for water supply)

47111 Grocery and supermarkets mainly food

47112 Kiosks -mini market

47211 Retail trade in fruit and vegetables-fruit products

47221 Retail trade in meat and meat products including meat products of poultry

47241 Retail trade in bread and other bakery items

47242 Retail sale of confectionery 

47301 Retail sale of fuel

47411 Retail trade in computers, regional equipment, and software incl. Videogames

47621 Retail trade in newspapers and stationery

61101 Cyprus Telecommunications Authority

61201 Internet services

61301 Satellite telecommunications services

61901 Other non-MARKETING telecommunications services


Contact Details:

[email protected]
Tel No.: +357 22 462727

The authors expressly disclaim all and any liability and responsibility to any person, entity or corporation who acts or fails to act as a consequence of any reliance upon the whole or any part of the contents of this document. Accordingly no person, entity or corporation should act or rely upon any matter or information as contained or implied within this publication without first obtaining advice from an appropriately qualified professional person or firm of advisors

PKF / ATCO Limited is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms. This publication is for information purposes only and should not be considered as professional advice