Cyprus VIES System
Cyprus VAT Information Exchange System (VIES)
VIES is the system used by EU authoriteis to monitor inter community trade of services and goods.
Under the system intra-Community supplies of goods are exempt from VAT in the Member State of despatch when they are made to a taxable person in another Member State who will account for the VAT on arrival.
Therefore any taxable person making such supplies must be able to check quickly and easily that their customers in another Member State are taxable persons and do hold a valid VAT identification number.
For that purpose, inter alia, each tax administration maintains an electronic database containing the VAT registration data of its traders. Such information includes the VAT identification number, the date of issue, the trader’s name, the trader’s address and, where applicable, the date of cessation of validity of a VAT number.
In Cyprus registration for VIES is required whenever tarde is conducted with client within the community. Reporting is required by the 15th of every month, for the previous month.