During these years, Dedalos has built a Accounting Department with special focus on the VAT matters, being our core expertise.

Our professionals can provide you with the advise, consulting and investigations in those cases which will be necessary.

Our services are as follow:

• VAT registration / deregistration
• VIES registration / deregistration
• VATsubmission on quarterly basis
• VIES submission on monthly basis
• EORI registration
• Consulting and arranging accounting procedures and processes
• VAT Consultation
• EU VAT Consultation and advise
• EU VAT expertise
• Preparation of periodical management reports
• VAT investigations
• VAT and OSS Representative office in Cyprus and automatically have access to European Union

What is OSS?

From 1 July 2021, the Mini One Stop Shop (MOSS) becomes the One-Stop Shop (OSS). The VAT OSS simplifies Value-Added Tax (VAT) obligations for business selling goods and services cross border to final consumers in the European Union (EU). It allows sellers to account for VAT in one country, rather than multiple EU countries as standard.

Within the OSS, there are two schemes, the Union Scheme and the non-Union scheme:

1. The Union Scheme, simplifies VAT obligations for businesses selling goods and services cross border to final consumers in the EU. Once registered for the Union scheme, a taxable person can:
· Declare and pay EU VAT due on supplies made under the scheme in a single electronic quarterly return
And
· Communicate with Revenue in relation to these returns, even where the sales are taxable in another Member State.

Which supplies can be declared?
The following supplies can be declared in the Union scheme:
· Cross-border supplies of telecommunications, broadcast and electronically supplied (TBE) services to non-taxable persons within the EU (as was previously the case under MOSS).
· All other cross-border supplies of services to non-taxable persons within the EU.
· Intra-Community distance sales of goods.
And
· Certain domestic supplies of goods (in specific circumstances).

Fast and Easy Registration of OSS Cyprus
The procedure of registering a Cyprus Company under the OSS system, is an easy procedure that it can take two-three working days. As long as the company has a valid VAT number, and upon the completion of application form, Dedalos Corporate will be able to obtain your company registration and assist you with their obligation of filing the OSS returns.

OSS and VAT Representative office in Cyprus
Dedalos Corporate can be appointed as your VAT and OSS Representative office in Cyprus and automatically have access to European Union.

Some of the advantages enjoyed by the Cyprus companies are:

1. The tax rate is 12,5% on the net profits, the lower on the European Union.
2. No withholding tax on dividends payable to non residents.
3. European VAT number in two working days

4. Access to the OSS number for the companies which will selling products and services on-line.
5. Free movement of profits
6. No capital gains tax.
7. No tax on salaries of employees outside Cyprus.
8. Double tax treaties with more than 50 countries, for example Spain, UK or India.
9. Anonymity of the beneficial owners through the use of nominees services
10. Dividend income is fully exempt from income tax.
11. Profits on disposal of shares and other securities are not taxable.
12. Cyprus Companies accepts invoices from offshore jurisdictions such as Seychelles, Panama, Belize, BVI or Costa Rica.
13. Bank Accounts in Cyprus are accepted by popular on-line payment companies.
14. Gains from trading and disposal of securities are tax free.
15. AND MORE…