Value Added Tax (VAT) is imposed on the provision of goods and services in Cyprus, on the acquisition of goods from the European Union and on the importation of goods into Cyprus.

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As from 13 January 2013 the standard rate of VAT is 19%

Submission of VAT returns and payment of VAT or claim for refund is made quarterly, 40 days after the end of the VAT period whilst the submission of the VIES returns must be made on the 15th of each month