VAT revenues from the EU’s e-commerce systems brought €257.9 million into Cyprus’ coffers in 2024, according to tax commissioner Sotiris Markides.
Through the One Stop Shop (OSS) and Import One Stop Shop (IOSS) , businesses can declare and pay VAT on cross-border sales within the EU, as well as on low-value imports from outside the bloc, with just one registration in a single member country.
Speaking to local newspaper Politis
