WEBINAR: VAT ESSENTIALS - A Practical Introduction to VAT in Cyprus

OVERVIEW

Value Added Tax (VAT) affects virtually every business transaction. Whether buying, selling, importing, exporting, or providing services, understanding the VAT implications is essential to ensuring compliance and avoiding costly errors.

This practical and interactive programme provides participants with a comprehensive introduction to the Cyprus VAT system, covering both domestic and cross-border transactions. The seminar explains the fundamental VAT concepts in a clear and structured manner, using practical examples and real-life case studies to demonstrate how the legislation applies in everyday business.

Participants will develop the knowledge and confidence required to identify VAT implications, understand reporting obligations, and apply the VAT legislation correctly in practice.

The programme is suitable both for individuals with limited VAT experience and for professionals wishing to refresh and strengthen their knowledge of the core VAT principles.

LEARNING OBJECTIVES

Upon completion of the programme, participants will be able to:

• Understand the principles and operation of the Cyprus VAT system.
• Identify taxable persons and determine when an activity constitutes an economic activity.
• Distinguish between taxable, exempt and outside-the-scope transactions.
• Determine when VAT registration becomes mandatory or may be beneficial voluntarily.
• Understand the rules governing the recovery of input VAT.
• Apply the reverse charge mechanism correctly to domestic and cross-border transactions.
• Determine the place of supply of services using the general rules and principal exceptions.
• Complete VAT returns correctly and understand VIES and OSS reporting obligations.
• Recognise common VAT compliance risks and avoid frequent mistakes identified during VAT audits.
• Apply VAT principles confidently through practical examples and case studies.

WHO SHOULD ATTEND?

This programme is ideal for professionals involved in preparing, reviewing, processing or supervising VAT-related transactions and compliance obligations, including:

• Accountants and Finance Professionals
• VAT and Tax Specialists
• Auditors
• Legal Advisors
• Corporate Administrators
• Business Owners
• Company Directors
• Financial Controllers
• Finance Managers
• Personnel responsible for VAT compliance and VAT returns
• Professionals reviewing commercial contracts with VAT implications
• Individuals seeking a practical introduction to VAT

This seminar contributes to Continuing Professional Development for 6 CPD Units.

WHERE AND WHEN

Venue: The course will be held online via zoom
Date & Time:  24^th of September 2026, 09:00 - 16:00
Language: Greek language with the slides in English

SEMINAR COST AND DURATION

The seminar’s cost and duration for participation is presented on the table below:

Duration	7 hours
Participation Cost	€250.00
Cost after Subsidy	€130.00

 

 

REGISTRATION

To register please complete our online registration form here:

PROGRAMME MODULES
Introduction

• Welcome and programme objectives
• The purpose and operation of VAT
• Why VAT matters for businesses and professionals

UNIT A – VAT Fundamentals
Building a Strong Foundation

• The Five Fundamental Principles of VAT
• Taxable Person
• Economic Activity
• Taxable Supplies
• Taxable Amount
• VAT Rates in Cyprus
• Origin and Destination Principle
• Interactive Questions and Discussions

UNIT B – VAT Registration
When and How to Register

• Compulsory VAT Registration
• Voluntary VAT Registration
• Registration Thresholds
• Practical Registration Examples
• Common Registration Pitfalls

UNIT C – Recovering Input VAT
Understanding What Can and Cannot Be Claimed

• Deductible and Non-Deductible Input VAT
• Recovery of Pre-Registration VAT
• Restrictions on Input VAT Recovery
• Practical Questions and Case Studies

UNIT D – Reverse Charge Mechanism
Understanding Domestic and Cross-Border Reverse Charge Rules

• What is the Reverse Charge Mechanism?
• Why is it Used?
• Domestic Reverse Charge
• Reverse Charge on Cross-Border Services
• When Does the Mechanism Apply?
• Proportional Deduction Method
• Practical Examples
• VAT Reporting Requirements

UNIT E – Place of Supply
Determining Where Services Are Taxable

• Place of Supply of Services
• Basic B2B and B2C Rules
• Principal Exceptions
• Practical Examples
• Common Business Transactions

UNIT F – Decoding VAT Compliance
Understanding VAT Reporting Obligations

• Completing the Cyprus VAT Return
• Understanding VIES Reporting
• Introduction to the One Stop Shop (OSS)
• Common Reporting Errors
• Practical Reporting Examples

BENEFITS OF ATTENDING

By attending this programme participants will:

• Develop a solid understanding of the Cyprus VAT system.
• Improve their ability to identify VAT risks before they become costly.
• Understand the VAT implications of common business transactions.
• Gain confidence in completing VAT returns and reporting obligations.
• Learn from practical examples rather than theoretical explanations.
• Reduce the risk of errors that may result in penalties during VAT audits.
• Enhance their day-to-day decision-making when dealing with VAT matters.

INSTRUCTORS CURRICULUM VITAE

Demetra Constantinou, Partner, VAT Department

Demetra Constantinou holds a BSc in Public & Business Administration. In 2009 she obtained her professional qualification of ACCA and since then her professional development escalated by adding further professional qualifications in her curriculum as follows;
Chartered Institute of Taxation, Advanced Diploma in International Taxation (ADIT) – Specialization in EU VAT, CySEC's Advanced Certificate in Financial Services Legal Framework.

Demetra commenced her career in 2006 at Kinanis LLC and has walked her way towards partnership through various managerial and strategic roles. Currently, she is a Partner at Kinanis LLC and manages the Accounting and VAT Department. Her main area of practice is Accounting and VAT consultancy for local and international clientele, as well as General Tax Advisory Services for EU based clients on various EU tax matters relating to VAT Law, Blockchain consulting services on Tax and VAT aspects.

Demetra has extensive experience in rendering lectures on Paper P6: Advanced Taxation of the ACCA qualification and other seminars on VAT topics. She has also been a guest speaker in a number of internal and external seminars and conferences on her topics of expertise. In January 2019 she obtained her professional qualification as Certified HRDA Trainer of Vocational Training.

ADDITIONAL INFORMATION
Contact Ms. Constantina Rousia at academy@kinanis.com (22 558836)