VIES Registration

At IBCCS TAX we are experienced international tax planning advisers offering legal
& tax advisory assistance both on an international and local scale.

VIES Registration

When it comes to conducting business within the European Union (EU), Value Added Tax (VAT) compliance is a critical aspect that cannot be overlooked. VAT registration is a mandatory requirement for businesses operating within the EU, and the VAT Information Exchange System (VIES) plays a crucial role in facilitating cross-border transactions.
At IBCCS Tax, we understand the challenges businesses face when it comes to VAT registration and compliance. That’s why we offer comprehensive VIES registration services to ensure that your business meets all the necessary requirements and operates smoothly within the EU marketplace.
Our team of skilled professionals specializes in VAT regulations across EU member states, staying up to date with the latest developments and ensuring compliance with VIES requirements. We provide tailored solutions that are designed to meet the unique needs of your business and make the VAT registration process as seamless as possible.

Planning, implementation, & compliance

Planning, implementation, & compliance

Frequently Asked Questions

  1. VAT & VIES Registration Guidance: Our experts are well-versed in the VAT registration process and can guide you through the complexities of registering for VAT in the relevant EU member states. We help you understand the specific requirements, documentation, and procedures involved, ensuring that you meet all the necessary criteria for VAT registration.
  2. Documentation Preparation: We assist you in preparing all the required documentation for VAT registration, including completing application forms, gathering relevant financial information, and providing supporting documents. Our attention to detail and knowledge of the registration process help ensure that your application is accurate, complete, and submitted on time.
  3. Compliance Assessment: Before initiating the VAT registration process, we conduct a comprehensive compliance assessment to determine if your business meets all the necessary requirements. This assessment helps identify any potential compliance gaps and allows us to address them proactively, minimizing the risk of delays or complications during the registration process.
  4. Application Submission: Once all the necessary documentation is prepared and compliance requirements are met, we handle the submission of your VAT registration application to the respective tax authorities. Our team ensures that your application is submitted accurately and in a timely manner, saving you the hassle and ensuring a smooth registration process.
  5. Ongoing Support: Our commitment to your business extends beyond the registration process. We provide ongoing support, answering any questions or concerns you may have regarding VAT compliance. We stay up to date with changes in VAT legislation and inform you of any updates that may impact your business.

VIES declarations must be submitted electronically through the Cyprus Tax Department’s online portal monthly by the 15th day of the month following the reporting period.

If the 15th falls during a weekend or public holiday, the VIES return can be submitted on the next working day.

Penalties for Non-Compliance:

Failure to comply with VIES reporting obligations can result in penalties, such as:

  • Late submission of VIES declarations: A penalty of €51 for each late declaration
  • Inaccurate or incomplete VIES declarations: a continuing failure to submit VIES returns is a criminal offense, punishable by a fine of up to €850.
  • VIES Correction of declaration : €15.


By choosing IBCCS Tax for your VIES registration needs, you can rely on our expertise and experience to navigate the complexities of VAT compliance seamlessly. We understand that each business is unique, and our personalized approach ensures that your VAT registration is tailored to your specific requirements.

The frequency of VIES reporting depends on the volume of intra-EU trade is monthly.

Obligations of Cyprus companies under VIES rules

Under VIES rules, a Cyprus company must submit every month a declaration on which it must indicate:

  1. total amounts sold to EU counter-parties,
  2. provide a valid VAT number for each counter-party.

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Since 2014 we’ve continually explored new ways of finding viable solutions. Our vision is to keep doing business that inspires us to create more. Our mission is to create a better everyday operating life for the businesses and to offer a wide range of tailor-made solutions.
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