View the VAT Returns Report:
- On the left-side menu, click Reports, then VAT Returns report.
- Select the New VAT Return button at the top right corner
- Select your date range
- Click Generate to review your statement.
Understand the VAT Returns Report:
Sales & Purchases:
Box 1 – Output VAT: VAT due on your taxable sales and services within Cyprus.
Box 2 – VAT on EU Acquisitions: VAT due on goods acquired from other EU Member States (reverse charge).
Box 3 – Total VAT Due: Sum of Boxes 1 and 2 – total VAT you owe before deducting input VAT.
Box 4 – Input VAT Reclaimed: VAT you’ve paid on purchases and expenses (including from other EU states).
Box 5 – VAT Payable or Refundable: The difference between Box 3 and Box
If Box 3 > Box 4 = Amount payable to the tax office
If Box 4 > Box 3 = Amount refundable to you
Box 6 – Total Sales (excl. VAT): Total value of all sales and outputs, excluding VAT.
Box 7 – Total Purchases (excl. VAT): Total value of all purchases and inputs, excluding VAT.
EU and Zero-Rated Transactions:
Box 8A – Intra-EU Supplies of Goods: Value of goods sold to VAT-registered businesses in other EU countries.
Box 8B – Services Supplied to Other EU States: Value of services provided to VAT-registered businesses in other EU countries.
Box 9 – Other 0% Rated Sales: Other zero-rated outputs not included in 8A or 8B.
Box 10 – Out-of-Scope Sales (with VAT input deduction rights): Sales outside the Cyprus VAT scope but where input VAT can still be claimed.
EU Acquisitions:
Box 11A – Intra-EU Acquisitions of Goods: Value of goods acquired from other EU countries.
Box 11B – Intra-EU Services Received: Value of services received from suppliers in other EU countries (reverse charge applies).
Export the VAT Returns Report:
To export your VAT Returns report, at the top right corner, click Actions, then select Download as PDF. The statement will download to your browser.
