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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