Search

Amendments on Recovery of VAT on Bad Debts


The VAT Department of Cyprus reacts to the decision of the Court of Justice of the European Union(CJEU) and proceeds with the release of Circular 234, which replaces Circular 204, in order to align the Cypriot VAT guidance with the CJEU decision.


Circular 234 changes the practice on the recovery of VAT on bad debts, by removing the criterium that the VAT can only be recovered if the debtor is registered with the VAT authorities at the time of the claim.

25 views0 comments