Cyprus: Mandatory use of single tax portal for VAT payments

All VAT and VIES payments must be made through single tax administration portal

All VAT and VIES payments must be made through single tax administration portal

The tax authority announced that beginning 27 March 2023, all value added tax (VAT) and VAT information exchange system (VIES) payments must be made through the new single tax administration portal Tax For All (TFA), which replaces the TAXISnet website.

  • The payment reporting code for each tax liability will be made available exclusively through the TFA portal.
  • For payments at bank counters, it is required to print the new payment slip which is also available exclusively through the TFA portal.
  • All existing forms as well as existing VAT and VIES payment codes are abolished.

Read a March 2023 report prepared by the KPMG member firm in Cyprus

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.