VAT and Duty
VAT in Cyprus
In Cyprus vehicles being imported from outside of the European Union (EU) will be subject to VAT at a rate of 15% unless you qualify for tax relief. Vehicles being imported from within the EU will not be subject to VAT as long as VAT has been paid in another EU member state.Vehicle Excise Duty Cyprus
Vehicle Excise Duty is payable on vehicles being imported into Cyprus unless the vehicle is being imported from another European Union (EU) state or the importer qualifies for tax relief (see table below for rates)| Vehicles categories | c.c. | € per c.c. | |
| A | Motor vehicles classified under T.H. 8703 21 – 8703 90 (excluding ambulances and hearses) | 0 - 1650 | 0,51 |
| 1651 - 2250 | 3,42 | ||
| 2251 - 3000 | 5,98 | ||
| exceeding 3000 | 7,69 | ||
| B | Motor vehicles classified under T.H. 8703 8704 with two rows of seats, known as “double cabin”, with a maximum Gross Vehicle Weight not exceeding 3,5 tonnes. | 0,26 per c.c. | |
An additional excise duty of 2 cent per cc of engine capacity is also added on
Your vehicle excise duty will then be reduced or increased dependent on the Co2 emissions of the vehicle being imported (see table below for reductions and increases)
| Emissions Range | - / + | |
| A | up to 120 gr/km | - 30% |
| B | exceeding 120 gr/km but not exceeding 165 gr/km | - 20% |
| C | exceeding 165 gr/km but not exceeding 200 gr/km | - 10% |
| D | exceeding 200 gr/km but not exceeding 250 gr/km | + 10% |
| E | emissions exceeding 250 gr/km | + 20% |
Then your vehicles Age,Mileage,make,model,gearbox and condition will also be taken into consideration against the total amount payable.
Who qualifies for Tax Relief
To qualify for tax relief in Cyprus you will need to be moving your normal place of residence to Cyprus and must have owned you vehicle outside of Cyprus for at least 6 months prior to importing it.If your are retiring and moving your normal place of reisidence and do not exercise a proffession you are entitled to import a vehicle into to Cyprus tax free.
