Cyprus chapter of International Agency and Distribution Law
Author: Chrysanthos Christoforou Law Firm: Elias Neocleous & Co LLC Publisher: Juris Publishing, Inc Practice area: CORPORATE AND COMMERCIAL [/gdlr_column] [/gdlr_row]
Guidance on use of pre-printed VAT receipts
The VAT Law of 2000 and the VAT (General) Regulations of 2001 require VAT invoices to be issued for all taxable transactions. Recognising that the nature of their business makes it difficult for some traders, such as canteens and mobile traders selling items with a low unit price, to provide a legal proof of supply […]
Tax Department guidance on transfers of ownership rights to immovable property
Law 39(I) of 2018 amended the VAT Law to make VAT chargeable on the transfer of the effective right to dispose of real estate or immovable property as owner. With effect from 1 January 2019 a long-term assignment of the right of ownership of immovable property (long-term lease), or the transfer of such a right […]