When are Cyprus VAT returns due?

## The quarterly return

VAT-registered businesses file a quarterly return on form TD 1004, electronically through the Tax For All portal. Payment is due by the 10th day of the second month following the end of the quarter.

## An unusual date

The quarter ending 31 March is payable by 10 May. The date is not the end of the following month, and many businesses expect the wrong one. Your VAT quarters are set at registration and may differ from calendar quarters.

## VIES and OSS

Monthly VIES recapitulative statements for intra-EU B2B supplies are due by the 15th of the following month, with a €50 penalty per late statement. OSS and IOSS are handled through the Tax Department OSS portal. A late OSS return costs €100, and late payment attracts a 10% addition plus interest.

## Rates

The standard rate is 19%. Reduced rates are 9% and 5%, and the zero rate covers exports, intra-EU supplies and international transport. A narrow 3% list exists, so confirm marginal cases with the Tax Department.

## What Finn does

Finn tracks quarterly payment dates, monthly VIES dates where there are intra-EU sales, and your rolling turnover. You file in Tax For All.