Why is e-commerce less efficient in Cyprus?
According to the STATISTICAL SERVICE OF CYPRUS (CyStat) in the USAGE AND E-COMMERCE SURVEY IN ENTERPRISES 2013 in Cyprus, only 8,7% of enterprises using
the Internet had received online orders (excluding manually typed e-mails), during 2012.
In relation to the total sales (in monetary terms, excluding VAT) sales via websites represented only a small percentage in many of the enterprises.
Only in 9,9% of the enterprises in Cyprus that received electronic orders, the value of the turnover resulted from those orders represented mor...
When selling products online (sometimes called as well 'distance sales') from one EU country to end-clients in other EU countries (B2C) the following
VAT ruels apply:
Depending on annual volume of online sales to a given country, different rules determine in which country the taxation will apply:
VAT will be charged
in the receiving EU country (where the goods are shipped to and located when the dispatch or transport to the customer ends for distance sales)
when the supplier's annual sales are above the threshold(14 Kb)applied
by the cust...