Get to know the key dates for VAT collection: 10 or 21? Don't miss this essential information!

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rumiseoexpate15
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Get to know the key dates for VAT collection: 10 or 21? Don't miss this essential information!

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Learn about the different types of VAT applicable in the construction sector
VAT (Value Added Tax) is an indirect tax applied to the sale of goods and services. In the construction sector, there are different types of VAT that apply depending on the type of work or service performed.

General VAT is the most common tax rate and is applied to the construction, renovation and promotion of housing, as well as to the sale of construction materials and related services.

On the other hand, there is the reduced VAT , which is applied to the construction, rehabilitation and promotion of social housing, as well as to the sale of construction materials for such housing.

In addition, in certain cases, the super-reduced VAT rate of 4% may be applied , which is applied to the construction, rehabilitation and promotion of special regime officially protected housing.

It is important to note that the VAT rate applicable in the construction sector may vary depending on current regulations and the specific circumstances of each project or service.

Therefore, it is essential to have good tax advice and to know the laws and regulations that apply in each case to avoid possible sanctions or legal problems.


Value Added Tax (VAT) is one of the most important taxes in the field cyprus phone number resource of finance and trade. It is essential for any company to know the key dates for VAT collection, as this directly affects its cash flow and compliance with tax obligations.

One of the most common questions is whether VAT is charged on the 10th or the 21st of each month. The answer is that it depends on the payment method chosen by the company. In the case of companies that opt ​​for the General VAT Regime, collection is made on the 10th of each month. On the other hand, for companies under the Simplified VAT Regime, collection is made on the 21st of each month.

It is important to take these dates into account in order to properly plan the company's cash flow. VAT collection represents a significant cash inflow, so it is necessary to have sufficient resources to meet this tax obligation.

In addition, it is advisable to keep a strict control of sales made and payments received, to avoid any kind of inconvenience or delay in the declaration and payment of VAT. Punctuality in the fulfillment of these tax obligations is essential to avoid sanctions and problems with the tax administration.

I hope this comprehensive guide to VAT on home construction has been of great use to you. You now have the necessary knowledge to understand and correctly apply this tax in your construction projects.

Remember that VAT in construction is a complex and constantly changing issue, so it is important to stay up to date and consult with professionals in the field.

If you have any questions or comments, please feel free to contact me. I am here to help you with anything you need.
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