ARTICLE
13 January 2017

Registration For The TAXISnet VAT System For Electronic Submission Of VAT Returns

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Cyprus Tax Department has announced that, with effect from 9 January 2017, applications for registration on the TAXISnet VAT system for electronic submission of VAT returns...
Cyprus Tax

The Cyprus Tax Department has announced that, with effect from 9 January 2017, applications for registration on the TAXISnet VAT system for electronic submission of VAT returns may only be made online via the TAXISnet website. Paper application forms will no longer be accepted. 

The relevant Notification (Notification PI 6/2017) according to article 42c (5) and (6) of the Value Added Tax Laws of 2000 to 2016 was published in the Official Gazette on 5 January, together with the prescribed application forms for registration and for cancellation of registration.  

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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