VAT in Cyprus
Thread poster: Tim Drayton

Tim Drayton  Identity Verified
Cyprus
Local time: 23:48
Turkish to English
+ ...
Jun 15, 2004

I have been out of the translation business for a couple of years and I am now investigating the possibility of freelancing from the Republic of Cyprus. Does anybody know if self-employed translators in Cyprus must apply VAT to their charges, or can very small businesses elect to be VAT-exempt?
Any help would be greatly appreciated.


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Erik Hansson  Identity Verified
Germany
Member (2002)
Swedish
+ ...
Some links Jun 16, 2004

Hello Tim,

Welcome back to translation business!

Have a look at these links:

Ministry of Finance
http://www.mof.gov.cy/mof/mof.nsf/Main?OpenFrameset

Directory on official site for Republic of Cyprus
http://www.cyprus.gov.cy/cyphome/govhome.nsf/0/650BB3E084049E33C2256A8D002F81BC?OpenDocument&languageNo=1

These links provide information in Greek and English. There are plenty of links, however often in Greek only.

A simple search on Google should result in many hits:

cyprus taxation
cyprus taxes
cyprus "tax regulations"

Good luck!

Best regards,
Erik

**********************************
Erik Hansson
Technical translator DE-SV
Hansson Übersetzungen GmbH
Am Birkenwäldchen 38
D-01900 Bretnig-Hauswalde, Germany
Phone +49 - 3 59 52 - 321 07
Fax +49 - 3 59 52 - 322 02
E-Mail info@hansson.de
Internet www.hansson.de
Internet www.technical-translators.net
ProZ profile http://www.proz.com/pro/21654
***********************************


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Emmanouil Tyrakis
Local time: 23:48
French to Greek
+ ...
welcome to Cyprus Jun 16, 2004

Dear Tim, welcome to Cyprus.

According to the New legislation of the Republic of Cyprus (VAT Law 95(I)2000)which came into effect on 1 February 2002, you will be subject to VAT registration only if your annual income exceeds CYP9,000.

Hope this will help you.

Best Regards
Emmanouil TYRAKIS


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Tim Drayton  Identity Verified
Cyprus
Local time: 23:48
Turkish to English
+ ...
TOPIC STARTER
Thanks Jun 17, 2004

Thanks to everyone who replied.
Tim Drayton


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