English (United Kingdom)

The Cyprus Council of Ministers issued a Decree on 18th of June obliging the Cyprus companies operating in the service and retail sector to accept card payments.

The following business activities are obliged to accept card payment among others

Accounting, bookkeeping and audit services, business and tax advisors, lawyers, doctors, gyms, education services to all levels, architects and engineers, gambling establishments, hairdressers, barbershops and beauty saloons

Exemptions

Exemption from the obligation above have companies that operate in the sectors of processing, electricity providers, water suppliers, transportation, and information and communication (publishing, film production, broadcasting, computer programmers).

Deadlines

Companies are obliged to comply within three months from the date of the Decree publication (September 18th 2021).

New companies registered during the last 30 days before the expiry of the three-month period must comply within four months from the Decree publication.

Companies start or change activities after the three month-period must comply within month from the start or change in their activity. 

Annex
Categories of taxpayers who are obliged to accept means of payment by card in accordance with Decree 259/2021.


CAR:     DESCRIPTION OF ACTIVITIES


33.12:  Repair of machinery


33.13:  Repair of electronic and optical equipment


33.14:  Repair of electrical equipment


45.11:  Sale of cars and light motor vehicles


45.19:  Sale of other motor vehicles


45.20:  Maintenance and repair of motor vehicles


45.32:  Retail trade in motor vehicle parts and accessories


45.40:  Sale, maintenance and repair of motorcycles and their parts and accessories


47.11:  Retail trade in non-specialized shops selling mainly food, drinks or tobacco


47.19:  Other retail trade in non-specialized shops


47.21:  Retail trade in fruit and vegetables in specialized shops


47.22:  Retail trade in meat and meat products in specialized shops


47.23:  Retail trade in fish, crustaceans and molluscs in specialized shops


47.24:  Retail trade in bread, pastries and other bakery and confectionery in specialized shops


47.25:  Retailing of beverages in specialized shops


47.26:  Retail trade in tobacco products in specialized shops


47.29:  Retailing of other foodstuffs in specialized shops


47.30:  Retail trade in motor fuels in specialized shops


47.41:  Retailing of computers, peripheral computer units and software in specialized stores


47.42:  Retail trade in telecommunications equipment in specialized shops


47.43:  Retailing of audio and video equipment in specialized shops


47.52:  Retail trade in iron, paint and glass in specialized shops


47.53:  Retail trade of carpets, kilims and floor and wall coverings in specialized shops


47.54:  Retail trade in electrical household appliances in specialized shops


47.59:  Retail trade in furniture, luminaires and other household goods in specialized shops


47.61:  Retailing of books in specialized shops


47.64:  Retail trade in sports equipment in specialized shops


47.65:  Retailing of toys of all kinds in specialized shops


47.71:  Retailing of garments in specialized shops


47.72:  Retail trade in footwear and leather goods in specialized shops


47.73:  Pharmaceuticals in specialized shops

47.74:  Retail trade in medical and orthopedic articles in specialized shops


47.75:  Retail trade in cosmetics and grooming in specialized shops


47.76:  Retail trade in flowers, plants, seeds, fertilisers, pets and related feeding stuffs in specialized shops


47.77:  Retail trade of watches and jewellery in specialized shops


47.78:  Other retail trade of new items in specialized shops


55.10:  Hotels and similar accommodations


55.20:  Holiday and other short-stay accommodation


55.30:  Campgrounds, facilities for recreational vehicles and trailers


55.90:  Other properties


56.10:  Restaurant and mobile catering services activities


56.30:  Beverage activities


59.14:  Film viewing activities


61.10:  Wired telecommunications activities


61.20:  Wireless telecommunications activities


61.30:  Satellite telecommunications activities


69.10:  Legal activities


69.20:  Accounting, bookkeeping and auditing activities;


71.11:  Architects' activities


71.12:  Engineering and related technical advice activities


74.20:  Photographic activities


75.00:  Veterinary activities


77.11:  Rental and rental of cars and light motor vehicles


77.12:  Rental and rental of trucks


77.21:  Rental and rental of leisure and sporting goods


77.22:  Rent video cassettes and discs


77.29:  Rent and lease other personal or household items


79.11:  Activities of travel agencies


79.12:  Organized travel office activities


85.20:  primary education


85.31:  General secondary education


85.32:  Technical and vocational secondary education


85.41:  Post-secondary non-higher education


85.42:  Higher education


85.51:  Sports and recreational education


85.53:  Driver's school activities


85.59:  Other training n.e.c.


86.10:  Hospital activities


86.21:  Activities in general medical professions


86.22:  Activities in the practice of special medical professions


86.23:  Dental activities


86.90:  Other human health activities


87.30:  Exclusive nursing home activities for the elderly and disabled;


88.91:  Activities of nurseries and nurseries


92.00:  Gambling and betting


93.13:  Fitness facilities


93.21:  Activities of amusement parks and other theme parks


93.29:  Other entertainment and entertainment activities


95.11:  Repair of computers and peripheral equipment


95.12:  Repair of communication equipment


95.21:  Repair of consumer electronics


95.22:  Repair of household appliances and home and garden equipment


95.23:  Repair of footwear and leather goods


95.24:  Repair of furniture and household furniture


95.25:  Repair of watches and jewelry


95.29:  Repair of other personal and household items


96.02:  Activities of hairdressers, barbershops and beauty salons

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