VAT Tax - Cyprus ?

[ajo]

I'm thinking to incorporate company in Cyprus, I have one noob question ...


Do I need pay VAT tax ? if yes when I should pay ? How much ? I'm selling software products only online, from which countries I should add additional VAT cash to my products ? Is It necesserry to pay VAT if im selling software products globallly ?


thanks for response.

 

[JohnLocke]

You will need to charge your customers VAT i.e. 15% and then pay the charged‌ amount to the Cypriot VAT office once every 3 months.

Actually you will have to‍ charge only European countries for VAT.

Alternative is that you don't register your Cyprus company⁠ for VAT while the only purpose for this company will be to charge for instant⁤ a Seychelles company which don't is liable to charge VAT at the time speaking. This⁣ is a common way to avoid the VAT issue and also to be able to⁢ sell services like your 15% cheaper than the competition. The same applies for physical goods.︀

 

[trisstann]

In this case the Cyprus owner must also own the Seychelles Company?

Thanks

 

[jauser]

Hello Admin

But if you want sell from Cyprus company︁ to Seychelles company then you should prove that the goods left Cyprus to non-eu country︂ for that Cyprus office dont request pay VAT
Or you speak about of have as︃ director a Seychelles company in Cyprus company?

 

[cutmetwo]

You open an 4 years old thread 😀 Let's see if Admin reply 😉

 

[negon]

Actually there is no one really that is⁤ going to check this!

 

[Marco]

Even if audits are now mandatory in Cyprus?

 

[negon]

No who should do that?

 

[Marco]

Well these audits will be‌ submitted to someone won't they? Usually to the government. Or am I missing something?

 

[negon]

it's to the local tax office and they will not care at all unless it‌ is illegal activity!