ERPNext Cyprus

ERPNext extension for companies in Cyprus.

Features

• Cyprus-specific tax compliance
• VAT reporting for Cyprus (standard VAT returns, MOSS, and VIES statements)
• Localized accounting features
• Additional reports for Cyprus regulatory requirements
• Cyprus banks integration

Installation

bench get-app https://github.com/your-organization/erpnext_cyprus
bench --site your-site.local install-app erpnext_cyprus

Requirements

• ERPNext v16

Tax Account Setup

The app automatically configures the following tax-related components:

Tax Accounts

• VAT - Standard account for Cyprus VAT operations
• OSS VAT - For Mini One Stop Shop reporting for B2C digital services

Account Structure

• VAT accounts use account number 2320 under Liabilities
• OSS VAT accounts are organized by country for reporting compliance

Tax Templates

• Purchase Tax Templates:

  • Reverse Charge (implemented as a double-entry with 19% VAT added and deducted in the same transaction)
  • Standard Domestic (19% VAT)
  • Zero-Rated (for exempt purchases)

• Sales Tax Templates:

  • Standard Domestic (19% VAT)
  • Zero-Rated (for exports)
  • Out-of-Scope (for non-VAT sales)
  • OSS templates for each EU country with country-specific VAT rates

• Item Tax Templates:

  • Cyprus Standard 19%
  • Cyprus Reduced 9%
  • Cyprus Super Reduced 5%
  • Zero Rated
  • Exempt

Tax Rules

Automatically applies correct tax templates based on:

• Customer/supplier country
• Whether the transaction is B2B or B2C
• Type of goods/services
• Rules are applied according to priority levels (higher numbers take precedence)
• Specific country rules take precedence over generic rules

Service Items

• Any product that is not a tangible product should be marked as "Is Service" in order

• Any product that is not a tangible product should be marked as "Is Service" in order to be properly categorized in VAT returns (boxes 8A/8B for sales and 11A/11B for purchases)

Documentation

Available documentation:

• Cyprus VAT Return Guide - How to prepare and submit Cyprus VAT returns
• MOSS VAT Returns Guide - Guide for Mini One Stop Shop VAT reporting for digital services
• VIES Statement Guide - How to properly record and report EU B2B transactions
• Banks integration - How to integrate Cyprus banks

Payroll Setup

The app automatically configures Cyprus-specific payroll components:

• Employer Contributions:

  • Social Insurance (8.8%, capped at €5,551 per month)
  • Redundancy Fund (1.2%, capped at €5,551 per month)
  • Human Resource Fund (0.5%, capped at €5,551 per month)
  • Social Cohesion Fund (2.0%, uncapped)
  • GESY (General Health System) (2.9%, uncapped)

• Employee Deductions:

  • Social Insurance (8.8%, capped at €5,551 per month)
  • GESY (2.65%, uncapped)
  • Income Tax (calculated according to Cyprus tax brackets)

Support

For issues and feature requests, please create an issue on the GitHub repository.

License

GPL-3.0