VAT invoices should be issued by a business when selling a product or service. It is important that this invoice includes all the following details:
1. Invoice number 2. Date of transaction... 3. Date of issue of invoice 4. Name, address and VAT number of seller 5. Name and address of buyer 6. Type of sale 7. Sufficient description of goods/services sold 8. Quantity,VAT rate and net price of each type of goods/services sold 9. Total net price of all goods/services 10. Total VAT of each VAT rate of goods/services* 11. Total VAT*
*When invoices are issued in another currency than EURO, the VAT amount and total amount of the invoice must be translated to EURO, with the rate as per the ECB or Cyprus Customs on the date the invoice is issued.