•EU Directive 2002/38/EC -
with effect from 1 July 2003
•Cyprus VAT legislation -
with effect from 1 May 2004
•New rules applicable only when the services are received by non taxable persons in a MS
-If supplier is
established in another MS, then VAT is charged in the MS in which the supplier is established
-If the supplier
is not established in the EU, he must register in each MS the services are offered UNLESS
- Option for registration in only one MS and VAT charged according to the rates of each MS