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Invoice requirements in Cyprus

Cypriot VAT-registered businesses must issue invoices that show the standard VAT data for each supply. No B2B e-invoicing mandate is in force, so invoices are still issued on paper or as electronic PDFs, provided they carry the required content.

Guide sources checked 20 October 2026Currency: EUR13 official links
ΦΠΑ (VAT) standard rate19%

Standard 19%; reduced 9% (for example hotel accommodation and passenger transport) and 5% (for example books, newspapers and certain foods); 0% for some supplies.

Official rates ↗
Registration

Businesses must register for VAT when taxable turnover exceeds EUR 15,600 in any 12 consecutive months; registration is optional below that level, and the EU SME page confirms no transitional period applies when the threshold is exceeded.

Source ↗
E-invoicingNo B2B mandate

No general B2B or B2C e-invoicing obligation is in force, and no start date has been announced.

Source ↗
Late payment

Cyprus implements Directive 2011/7/EU through Law 123(I)/2012 on late payment in commercial transactions. Statutory interest in B2B transactions is set above the ECB reference rate (the Directive requires at least 8 percentage points), and creditors may claim a fixed EUR 40 compensation for recovery costs; the consolidated text was only partly readable, so the exact margin and reset rule should be confirmed in the Cyprus Official Gazette.

Source ↗
Tools for Cyprus:Invoice generatorVAT & GST calculatorLate payment interestVAT & tax ID checkerDue date calculator

What the invoice must show

Compare your draft with this checklist. What applies depends on the parties, the transaction, your tax status and the document type.

  1. Invoice number and date: a unique sequential number and the date the invoice was issued.
  2. Supplier details: the business name, address and Cypriot VAT registration number (CY followed by eight digits and a letter).
  3. Customer details: the name and address of the buyer and, for a VAT-registered buyer in Cyprus or another EU state, its VAT number.
  4. Date of supply: the date the goods were delivered or the services were performed, if different from the invoice date.
  5. Description, quantity and price: a description of the goods or services, the quantity and the price before VAT.
  6. VAT breakdown: the taxable amount and VAT for each rate (19%, 9%, 5% or 0%) and the total including VAT, plus the legal wording for any exempt, zero-rated or reverse-charge supply.

Key numbers

VAT registration threshold
EUR 15,600 in any 12 consecutive monthsSource ↗Registration is optional below the threshold; no transitional period applies if it is exceeded.
Standard VAT rate
19%Source ↗In force since 13 January 2014 (Tax Department rate table).
B2B e-invoicing
No mandate in forceSource ↗Ministry of Finance is considering a B2B mandate; no date announced in the sources reviewed.

Tax notes

A business must register for VAT once its taxable turnover exceeds EUR 15,600 in any 12 consecutive months; below that level, registration is optional and it may not charge VAT.

No mandatory B2B e-invoicing or digital reporting applies in Cyprus at present, so invoices may be issued on paper or as PDFs.

Businesses must confirm the exact invoice-content rules and reverse-charge wording in the Cyprus VAT Law and the Tax Department's guidance; this summary sets out the standard EU-level data set.

Electronic invoicing

Cyprus has no general mandatory B2B or B2C e-invoicing obligation in force. The Ministry of Finance is studying a B2B mandate, but no start date for 2026 or 2027 has been announced in the sources reviewed.

Late payment

Cyprus implements Directive 2011/7/EU through Law 123(I)/2012 on late payment in commercial transactions. Statutory interest in B2B transactions is set above the ECB reference rate (the Directive requires at least 8 percentage points), and creditors may claim a fixed EUR 40 compensation for recovery costs; the consolidated text was only partly readable, so the exact margin and reset rule should be confirmed in the Cyprus Official Gazette.

Calculate interest and compensation for Cyprus →

Record keeping

Keep VAT records and invoices for at least six years. Check the Tax Department for the current period that applies to your records.

Watch out for

  • Rates, the registration threshold and record-keeping periods change; check the Tax Department’s current tables before invoicing.

Sources for this guide

Reviewed against these references on . Rules change, so check the current text before relying on it.

  1. Tax Department: VAT rates
  2. European Commission: Cyprus SME VAT rules (EUR 15,600 threshold)
  3. Business in Cyprus: registering for income tax and VAT
  4. European Commission: eInvoicing in Cyprus

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