VAT Update

Tax For All (TFA), the new Single Tax Administration Portal

It is of great importance to inform you that the VAT Return Form covering the period Dec2022 – Feb2023 will be the first VAT return to be submitted through TFA.

In this respect, we strongly recommend taxpayers to proceed immediately with updating their e-mail addresses through the TAXISnet website, as this is a necessary element for the transfer of their account from the TAXISnet system to the new TFA system.

Taxpayers from April onwards will be able to proceed with the following actions through TFA:

1.       Submission of their VAT Returns;

2.       Submission of their VIES Returns;

3.       Settlement of their VAT dues;

4.       VAT refund requests;

5.       Communication with the Tax Department;

6.       View and print tax account statements;

7.       Issuance of certificates.

Even though initially, the new TFA system will be implemented for Value Added Tax (VAT) purposes, it is expected that by the end of 2024 the TFA will also be implemented for direct tax purposes as well.

Should you require any further information or clarifications with this or any other VAT related matter, please contact our VAT team at VAT@kinanis.com.



Demetra Constantinou