Regulatory updates - Cyprus
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
2021-08-11
Mandatory B2G e-invoicing is anticipated in Cyprus in 2022
The Cypriot Ministry of Finance has been discussing the need of amending the Public Procurement Law to make e-invoicing in the B2G sector mandatory. The new mandate is planned to be implemented as of 1 January 2022.
Country Specifications
E-Invoicing/CTC Model:
Post Audit
Mandatory Infrastructure:
– B2G: Peppol, under development
– B2B: N/A
Mandatory Format:
– B2G: EN Compatible, Peppol BIS
– B2B: N/A
Mandatory for Issuing:
No explicit requirements
Mandatory for Receiving:
– B2G: All contracting authorities
– B2B: Buyer’s consent is required
eSignature:
Not Required
Archiving Period:
6 years (for MOSS system 10 years)
Archiving Abroad:
Allowed under conditions
Contact us
Book a free consultation to find out more about how we can help you streamline your business with a solution that suits your specific needs.
Stay up-to-date with our Compliance Monitor
