New system for electronic filling of vat returns in Cyprus

The Tax Department of Cyprus has announced the launch of a new web portal for online filing of
value-added tax reports. The TAXISnet system for VAT has been made publicly available as of 10 November 2016; however, it will be fully operational starting from 1 December 2016.
Taxpayers in Cyprus can now sign up for the TAXISnet system, through which they will soon be able to submit VAT returns and recapitulative statements electronically, saving a great deal of time and reducing their expenses.
It is assumed that in the foreseeable future electronic filing will be mandatory for all value-added taxpayers in Cyprus.