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E-Invoicing in Cyprus

Country Situation

General Description

Cyprus is advancing its digital transformation in public procurement and VAT compliance. In accordance with EU Directive 2014/55/EU, Cypriot public authorities must be able to receive and process electronic invoices adhering to the European Standard (EN 16931).

Currently, e-invoicing in Cyprus is only mandatory for public authorities to receive electronic invoices in B2G transactions. Suppliers can voluntarily issue e-invoices using the national government portal or the Peppol network, which facilitates seamless cross-border exchange with other EU public bodies.

There is no general mandate for businesses to issue e-invoices in B2B or B2C transactions yet. Nonetheless, the Ministry of Finance and the Tax Department are actively preparing for upcoming EU-wide reforms, particularly the ViDA initiative, which will progressively extend structured e-invoicing and digital reporting to encompass more transactions in the near future

FAQs

What is the current e-invoicing mandate in Cyprus?
Cyprus requires all public authorities to be able to receive electronic invoices that comply with the European Standard EN 16931. This requirement comes from Law 89(I)/2019, which transposed EU Directive 2014/55/EU into national law. However, there is no general obligation yet for suppliers, private businesses, or consumers to issue e-invoices in B2G, B2B, or B2C transactions.
When will e-invoicing become mandatory for all businesses in Cyprus?
There is no confirmed national timetable for mandatory B2B or B2C e-invoicing. Nevertheless, under the EU “VAT in the Digital Age” (ViDA) initiative, all Member States, including Cyprus, will be required to implement structured e-invoicing and digital reporting for intra-EU B2B transactions from 1 July 2030. Cyprus is expected to align its domestic framework accordingly.
Which e-invoice format is accepted in Cyprus?
Cyprus accepts the European standard EN 16931 format for electronic invoices. The Peppol BIS billing 3.0 specification, based on this standard, is widely used for B2G transactions and ensures interoperability throughout the European Union.
How can suppliers submit e-invoices to public authorities?
Suppliers may transmit e-invoices via the Cyprus Government Gateway (gov.cy) e-invoicing portal or a Peppol access point connected to the national e-invoicing platform.
Are electronic signatures mandatory on e-invoices?
No. Electronic signatures are optional. Businesses must simply ensure the authenticity, integrity and legibility of each invoice. This can be achieved through internal controls, audit trails or secure transmission, without the need for a digital signature.
How long must invoices be retained for VAT purposes?
Invoices and their corresponding records must be retained for at least six years following the conclusion of the pertinent tax period. Electronic storage is permitted, including storage in the cloud or overseas, provided the records can be made accessible to the Tax Department within five working days upon request.
Does Cyprus operate a real-time clearance or CTC system?
No. Cyprus currently follows a post-audit model, meaning invoices are not sent in real time to the tax authority. Any future clearance or continuous transaction control system would likely be introduced alongside the EU ViDA reforms.
Which government bodies oversee e-invoicing in Cyprus?
Responsibility is shared between the Ministry of Finance, which sets policy; the Treasury of the Republic, which manages the e-invoicing platform; and the Tax Department, which oversees VAT compliance. Access to e-invoicing services is facilitated via the national gov.cy portal.

Country Specs

Mandate StatusMandatory
Model TypeInteroperability / Post-Audit
Government EntityMinistry of Finance (MoF)
FormatsUBL 2.1, CII (Cross Industry Invoice)
Infrastructure / PlatformSuppliers can submit e-invoices via the Cyprus government gateway portal (gov.cy) and via Peppol Access Points.
E-signature RequiredNo
Key Deadlines26 June 2019: Law 89(I)/2019 “On the Issuance of Electronic Invoices in the Framework of Public Procurement” adopted, transposing Directive 2014/55/EU

18 April 2019: All central public sector bodies must be able to receive and process EN 16931-compliant e-invoices for public procurement

2020–2022: Roll-out and stabilisation of the e-invoicing platform and its integration with the government gateway and Peppol

1 July 2030 (EU ViDA timetable): At the EU level, all Member States (including Cyprus) will have to implement mandatory e-invoicing and digital reporting for intra-EU B2B supplies
AR MandatoryNo. Suppliers are not required to send B2G e-invoices.
AP MandatoryYes. All central contracting authorities must be able to receive and process EN-compliant e-invoices.
Peppol AvailableYes
Domestic TransactionsYes
Cross-border TransactionsNo
Archiving Period6 years
Archiving AbroadAllowed under certain conditions.

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