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You are here: Home arrow News arrow Value Added Tax - Amendments to the completion and submission of the E.C. Sales List (VIES)
Value Added Tax - Amendments to the completion and submission of the E.C. Sales List (VIES)
As of 1 January 2010, the VAT legislation of Cyprus will incorporate the new EC Directives concerning the submission of the E.C. Sales List.  The new directives include the following:

 


  1. Any person registered with the VAT Authorities that supplies goods and / or provides services to persons registered with the VAT Authorities of the other Member States must submit an E.C. Sales List.  It is currently submitted by persons supplying goods.
  2. The E.C. Sales List must be submitted each month. Now, it is submitted once every three months.
  3. The E.C. Sales List must be submitted within 10 days following the month to which it relates.
  4. When an E.C. Sales List that has already been submitted contains errors, any corrections should be submitted using the relevant correction E.C. Sales List by the end of the month following the month to which the list containing the mistakes relates.  It is now submitted by the end of the second month following the month to which the list relates.

In order to simplify the procedures and to reduce the administrative costs, the VAT service intends to submit a bill to the House of Representatives so that the submission of the E.C. Sales List as from 1 January 2010 be made online through the system TAXISnet, which has been in operation since 2005.  In most Member States of the EU electronic submission of the E.C. Sales List is mandatory.  In those states where it is not mandatory, the vast majority of traders submit the information electronically.

If, as from 1 January 2010  you will be supplying intra-community goods and/or providing intra-community services, then the questionnaire issued by the VAT service should be completed and submitted to the VAT service or by email at: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it