Efficient & Compliant

Professional VAT Services for Businesses in Cyprus

Managing VAT obligations in Cyprus can be complex, especially for businesses trading locally or within the EU. At N. Vorkas & Co, we provide comprehensive VAT services, including registration, preparation, and submission of VAT returns, VIES and Intrastat reporting, and VAT refund claims. We help businesses remain compliant, minimize risk, and optimize VAT processes for efficiency. Whether your annual turnover exceeds €15,600, requiring mandatory VAT registration, or you seek voluntary registration, our experts provide tailored guidance for your business needs.

Trusted & Strategic.

Why Choose Our VAT Services in Cyprus?

Our approach combines over 35 years of local experience with in-depth knowledge of Cyprus and EU VAT regulations. We help businesses reduce risk, avoid penalties, and streamline VAT processes. By leveraging modern software and industry best practices, we ensure your VAT obligations are met efficiently, freeing you to focus on growth and operations.

Our VAT Services:

  • VAT Registration – Mandatory or voluntary registration for all Cyprus businesses.

  • VAT Returns – Preparation and timely submission for monthly or quarterly filings.

  • VIES Reporting – Compliant reporting of intra-community services and goods.

  • VAT Deregistration – Proper handling of statutory requirements and filings when a business ceases operations or no longer requires VAT registration.

  • Record-Keeping & Documentation Support – Assistance with proper VAT documentation, digital archiving, and compliance with statutory record retention requirements.

  • VAT Health Check & Compliance Review – Comprehensive assessment of VAT procedures to identify risks, ensure regulatory compliance, and optimise internal controls.

  • VAT Advisory on Complex Transactions– Specialised guidance on cross-border trades, supply chains, digital services, and industry-specific VAT treatments.

  • Reverse Charge Mechanism Advisory– Expert assistance in determining the correct application of reverse charge rules for local and EU transactions.

Proven Expertise

Trusted VAT Advisors in Cyprus with 35+ Years of Experience

Since 1992, N. Vorkas & Co has helped businesses comply with Cyprus VAT legislation while optimizing financial efficiency and minimizing risk.

0+
Years of Trusted Expertise

Providing reliable, compliant VAT services for Cyprus businesses and EU trading partners.

Benefits of Acquiring Professional VAT Services from N. Vorkas & Co

Partnering with N. Vorkas & Co ensures your VAT is managed efficiently, accurately, and in full compliance with the law.

Accurate Compliance

Avoid penalties with correct VAT reporting.

Time Savings

Focus on business growth while we manage VAT.

Cross-Border Expertise

Guidance on EU transactions, VIES, Intrastat, and IOSS.

Risk Reduction

Proactive advice to prevent errors or audits.

Financial Clarity

Insight into VAT liabilities and recoverable amounts.

Streamlined Processes

Efficient VAT management using modern software.

Ensure VAT Compliance with Confidence

Rely on N. Vorkas & Co to handle VAT accurately and efficiently for your Cyprus business.

Frequently Asked Questions

Answers to the most common questions about VAT Queries for Cyprus Businesses.

1. When must a business register for VAT in Cyprus?

Mandatory registration is required if annual turnover exceeds €15,600; voluntary registration is also permitted.

VAT returns record taxable supplies, input tax credits, and net VAT payable to the authorities.

VIES (VAT Information Exchange System) reporting is required for intra-community services and goods transactions with EU countries.

Intrastat records arrivals and dispatches of goods between Cyprus and other EU member states.

Yes, we prepare and submit claims for eligible VAT paid on business expenses, locally and in the EU.

We provide guidance on IOSS (Import One-Stop Shop) to simplify VAT collection for cross-border eCommerce.

Yes, we offer continuous support to ensure compliance, reduce risk, and improve efficiency.

Absolutely. We act on behalf of clients to handle audits, inquiries, and communications with Cyprus tax authorities.

Depending on the business turnover, VAT returns are typically submitted monthly or quarterly, in line with Cyprus regulations.