Cyprus
Last news published on: 29.06.2026 | News: 24
Last document published on: 22.12.2025 | Documents: 13
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Cyprus operates a hardware-based fiscalization system under which the issuance of fiscal receipts is mandatory. While direct communication with the Tax Authority is not required, the use of certified fiscal devices is compulsory, and POS applications themselves are not subject to certification. The country has used the euro (€) as its official currency since January 1, 2008.
Cyprus
There are two main types of fiscal devices in use: all-in-one standalone cash registers and POS systems integrated with certified fiscal signature devices (fiscal drivers). POS applications themselves are not subject to certification, provided they are properly integrated with an already certified fiscal solution. The entire fiscal setup must be verified for legal compliance by certified fiscal providers, who bear responsibility for ensuring that the system operates in accordance with applicable regulations.
Type of fiscalization: Hardware
Latest news for Cyprus
See moreNew webinar was uploaded: Recorded webinar: Evolution of Fiscalization:From fiscal printers to real-time data platforms
Fiscalization has transformed from a compliance tool reliant on hardware to dynamic, software-driven platforms linking businesses and tax authorities. The webinar was presented by Dušan Bučevac, Sales Manager at Fiscal Solutions, who covered crucial fiscalization milestones and explained how real-time data has reshaped compliance, transparency, and business decision-making. Read more
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Cyprus
Cyprus reduces VAT on Electricity supplies
Cyprus
Author: Nikolina Basić
Cyprus will temporarily reduce the VAT rate on certain electricity supplies from 8% to 5% for households and specific users, effective from 1 May 2026 to 31 March 2027 under Decree No. K.D.P. 167/2026. Cyprus has announced a change to its value-added tax (VAT) schedule, lowering the reduced VAT rate on certain electricity supplies. According to Decree No. K.D.P. 167/2026, published in the Officia... Read more
Cyprus
VAT changes in Cyprus from April 2026
Cyprus
Author: Nikolina Basić
Cyprus has introduced a temporary 0% VAT rate on fresh, chilled, and frozen meat and fish from 6 April to 30 September 2026, under Decree K.D.P. 168/2026, as part of efforts to reduce food costs. Processed products such as sausages, burgers, and prepared fish remain subject to the reduced 5% VAT rate. Cyprus has introduced a temporary zero rate of value-added tax (VAT) on supplies of meat and fish... Read more
Cyprus
Is e-invoicing implemented in Cyprus?
Cyprus
Author: Nikolina Basić
E-invoicing in Cyprus is partially implemented: it is mandatory for public authorities to receive electronic invoices in B2G transactions under Law 89(I)/2019, while B2B e-invoicing remains voluntary and based on mutual agreement. Businesses can use channels such as PEPPOL, the Ariadni platform, or third-party providers, with broader mandatory requirements expected in the future under the EU ViDA... Read more
Cyprus
Fiscalization in Cyprus: definition of the fiscal electronic mechanism for tax control
Cyprus
Author: Nikolina Basić
Cyprus has defined fiscalization around Electronic Tax Registers / Fiscal Electronic Mechanisms, which issue and securely store tax documents in tamper-proof fiscal memory connected to POS or computer systems, ensuring transparent transaction recording and effective tax audits. The Ministry of Finance in Cyprus has outlined the role of fiscal devices, known as Electronic Tax Registers (ETRs) or Fi... Read more
Cyprus