Recover VAT You May Be Entitled To
Many businesses incur VAT that may be recoverable but never submit a refund claim.
Whether you have incurred VAT in Cyprus or another European Union Member State, understanding your entitlement and following the correct refund procedure can significantly reduce business costs and improve cash flow.
At Numus, we assist businesses in identifying VAT recovery opportunities, preparing VAT refund applications and managing the refund process with the relevant tax authorities.
Businesses often focus on meeting their VAT filing obligations but overlook opportunities to recover VAT incurred on business expenses.
Depending on the nature of the expenditure and the applicable legislation, VAT paid on qualifying expenses may be recoverable.
Obtaining professional advice helps businesses maximise legitimate VAT recovery while ensuring compliance with the applicable refund procedures.
Our services include:
Some businesses seek to recover VAT incurred in Cyprus. Others have incurred VAT while trading, travelling or exhibiting in other European Union Member States.
Our role is to assess your eligibility, prepare the necessary documentation and manage the refund process from submission through to communication with the relevant tax authority.
Businesses established in one EU Member State may, in certain circumstances, recover VAT incurred in another EU Member State through the EU VAT Refund Directive (Directive 2008/9/EC).
Businesses established outside the European Union may, where applicable, recover VAT under the provisions of the 13th VAT Directive, subject to the conditions and reciprocity rules of the relevant Member State.
Determining the correct procedure depends on the location of the business, the nature of the expenditure and the legislation of the country from which the refund is claimed.
A successful VAT refund claim depends on proper documentation, compliance with filing deadlines and an understanding of the specific rules of the country concerned.
Professional preparation reduces delays, minimises the risk of rejection and increases the likelihood of a successful claim.
If your business has incurred VAT in Cyprus or abroad, our specialists can help you determine whether a refund may be available and guide you through the entire recovery process.
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