- The standard VAT rate is 19%.
- There are reduced rates of VAT, 0%, 5% and 8%.
- Exports are not subject to VAT
- There is a liability for VAT registration when annual turnover is in excess of € 15.390,00
- Resident International Companies can be registered to VAT in Cyprus, so that they can benefit with zero rated tax on Intra European trading and recover input-VAT on local expenses.