ITA Cyprus

May 7, 2021

2021 EU VAT E-commerce changes

New VAT rules will be introduced by the EU regarding e-commerce after July 1st, 2021  Two major forces have exposed the need for a radical update of the current EU VAT regime, as it is contained within the Council Directive 2006/112/EC (the ‘EU VAT Directive’)
April 12, 2021

Brexit VAT News

On 18 March 2021 the Cyprus Parliament enacted into law the relevant EU Directives in respect of reportable cross-border arrangements, commonly known as DAC6. The law was published in the Official Gazette of the Republic on 31 March 2021.
April 6, 2021

DAC 6

On 18 March 2021 the Cyprus Parliament enacted into law the relevant EU Directives in respect of reportable cross-border arrangements, commonly known as DAC6. The law was published in the Official Gazette of the Republic on 31 March 2021.
April 2, 2021

Services between head office and its branch (C-812/19 – Danske Bank)

On 11 March 2021, the Court of Justice of the European Union (CJEU) released its long-anticipated judgment in the Danske Bank case. The case considers the VAT treatment of cross-border services where the supplier head office (Business Establishment) is locally VAT grouped, but the customer overseas branch (Fixed Establishment) is not. CJEU held that the principles established in the FCE Bank plc case (C-210/04) are not applicable where the head office is part of a VAT group and therefore the services between head office and branch are subject to VAT.

This site uses cookies to provide you with the best experience. By using this site, you agree to our use of cookies. You can change your cookie settings at any time using your browser settings. For more information on how we use cookies, please read our Privacy Policy.