The Cyprus Tax Department announced that all VAT applications should be submitted to the authority through the electronic side www.taxisnet.com from the beginning of 2017.
All companies by the end of the year should add in their Taxis Net system the VAT service, so that with the coming year, their VAT applications will be submitted electronically in the Tax Authority.
Companies that our firm is responsible for their book keeping and for the VAT forms, will be registered in the Taxis Net system by our office.
For the Companies that our office is responsible for their book keeping and VAT forms, are already registered in the Taxis Net System by our office.
Companies that maintain their accounting books and VAT forms by themselves, are responsible to register their company in the Taxis Net system, for the VAT service.
All companies of our firm are already registered in the Taxis Net System.
For the companies that submit electronically the IR7 form, they have already received their usernames and passwords, so they only have to add the VAT service in their existing system. Companies that do not have their usernames and passwords can request our office to provide them.
In case you need further assistance our team can assist you anytime.
You may access the V.A.T application form on the below link:
https://taxisnet.mof.gov.cy/static/help/files/TAXISnet_01_vat.pd
Finally, this is an important tax alert which must be done by all companies, as by the new year 2017, none manual form will be accepted by the authority.
Contact us for further information and queries.
Thank you,
Stephanos Stephanou & Co Ltd
