Cyprus EC Sales List

If a Cyprus VAT registered business, resident or non-resident, is selling goods or services to other VAT registered companies in Europe, then an EC Sales List (ESL) return may be required. These may also be known as recapitulative statements. This is in addition to the regular Cyprus VAT return or Cyprus Intrastat.

When do Cyprus EU Sales List reports have to be completed?

If a Cyprus VAT registered business completes an intra-community supply, a sale to another EU VAT registered business of goods or services across the Cyprus border, then this may have to be reported in the ESL. Registration for ESL will take place automatically when registering with the Cyprus VAT authorities. There is no reporting threshold.

When should Cyprus ESL’s be filed?

The filing date is the 15h of the month (or the next business day if this falls on a holiday or weekend) following the reporting period (monthly/quarterly) end.

Cyprus ESL filings are made online. There may be a fine of up to €5,000 for late or incorrect Cyprus ESL filings.

Latest Cypriot news

VAT rate changes for 2018

December 20, 2017

Below is a summary of the principle VAT rate changes in the European Union and the rest of the world on 1 January 2018....

Cyprus VAT e-filings compulsory May 2017

December 28, 2016

From 2 May 2017, VAT registered entrepreneurs will be required to file their VAT returns online. The Cypriot VAT reporting portal, TAXISnet, is now...

Cyprus VAT rise implementation

January 17, 2014

Following this week's  1% rise in Cypriot VAT to 19%, guidance on the VAT increase has been issued.  There was also an increase in...