VAT Treatment of Vouchers and Updates relating to Telecom / Electronic Services – Courtesy of EY

Significant Amendments affecting a number of Cypriot businesses

The Cyprus House of Representatives passed amendments to the VAT Law as well as issued Regulations which set out the changes in the VAT treatment of vouchers as well as telecommunication and electronically-supplied services to end users.

As per the law and in line with the EU VAT Directive, the changes appear to come into force with retrospective effect as of 1 January 2019.

Read the full alert here  vat-law-amendments-vouchers—telecommunications—electronic-services

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