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07 February 2018

Cyprus extends VAT grouping to companies with an establishment in Cyprus

Further to the publication of a recent Circular (Circular 221) by the Cyprus Tax Department (CTD) on January 12, the scope of applicability of the favorable Value Added Tax (VAT) Grouping regime has been further extended to include companies with an establishment in Cyprus. Such CTD guidance permits entities not incorporated in Cyprus but possessing a business establishment or fixed place of business in the Republic to join a VAT Group and benefit from both a cash-flow and administrative perspective.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0275

Document ID: 2018-0275

 

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