Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 2/7/2013

Cyprus - VAT on “in-house supplies” by tour operators 

February 7: “In-house supplies” by tour operators are services that to not fall within designated travel services, and thus may be subject to specific value added tax (VAT) rules in Cyprus.

“In-house supplies” are services that the tour operator provides using its own resource, or that result from the purchase of services to which the tour operator makes substantial changes. Examples include coach or car transport when the tour operator owns or hires the coach/bus and supplies a driver, fuel, repairs; and air or sea transport in which the tour operator owns or hires the aircraft or vessels.


The VAT treatment of such “in-house supplies” generally depends on whether the supplies are provided without accompanying supplies of designated travel services.


Read a February 2013 report [PDF 98 KB] prepared by the KPMG member firm in Cyprus: VAT treatment of in-house supplies for tour operators




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