Electronic invoicing in Cyprus

In compliance with Directive 2014/55/EU, Cyprus has made electronic invoicing mandatory for Business to Government (B2G) transactions, promoting digitization and efficiency in administrative processes. The authority responsible for overseeing and enforcing these regulations is the Cyprus Tax Department.

Since this regulation came into effect, all public administrations in Cyprus are required to receive and manage electronic invoices. However, issuing electronic invoices remains voluntary for private sector suppliers.

Invoice Format

The required format for electronic invoicing in B2G transactions is CIUS-PEPPOL BIS Billing 3.0, which aligns with European standards to ensure cross-border and system interoperability. This format facilitates technical integration between issuers and recipients and is compatible with the widely used Peppol networks across Europe.

Electronic Signature

In the Cyprus model, digital signatures are not required for the validity of electronic invoices, thus simplifying the technical requirements for suppliers.

Invoice Archiving

Electronic invoices must be archived for a minimum of eight years, in accordance with Cypriot tax law. This obligation applies to both issuers and recipients, who must ensure the accessibility, integrity, and readability of the documents throughout the retention period.