Value Added Tax

VAT, also known as Value Added Tax, is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. It can be viewed both as a tax on the gross margin at each level of the manufacturing-distribution-sales process, or as a tax on the final consumption of goods or services.

The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed. VAT is particularly relevant to companies when it comes to preparation and submission of VAT reports on a quarterly basis. This is an essential practice for businesses, particularly in regions like Cyprus, where VAT plays a significant role in the fiscal landscape.

VAT

Understanding stamp duty in Cyprus

Stamp duty rates
Law amendments
Payment procedures
Exemptions and reliefs

Understanding VAT

VAT basics explained
How VAT works
VAT registration process
Calculating VAT payments

Navigating Cyprus tax landscape

Corporate tax rate
Business tax essentials
Company tax guide
Corporation tax insights