Cyprus VAT Deregistration Form VAT 204

What is form VAT 204?

VAT 204 (Application for Cancellation of VAT Registration) is the official Cyprus VAT deregistration form submitted to the Tax Department to cancel a VAT registration. It is used for both voluntary deregistration — where you choose to deregister because your taxable supplies over the next 12 months are expected to be no more than €13,668.81 — and mandatory deregistration where the Tax Department requires you to cancel. The form collects information about the business, the reason for deregistration and the proposed deregistration date. A supplementary form collects the additional information the Tax Department needs to cancel the registration. Both forms are published on the Tax Department’s forms page on gov.cy.

Information required to complete VAT 204

• Your Cyprus VAT registration number
• Reason for deregistration — voluntary, mandatory, cessation of trade or transfer of business
• Date on which taxable activities ceased or are expected to cease
• Proposed effective date of deregistration
• Details of any assets on which input VAT was claimed that are still held at the deregistration date
• Estimated market value of those assets at the deregistration date
• Bank account details for any VAT refund due

How to complete the VAT 204 deregistration process

1. Confirm eligibility — taxable supplies over the next 12 months expected to be no more than €13,668.81, or you have stopped making taxable supplies
2. Identify all assets on which input VAT was originally claimed and are still held
3. Calculate the current market value of each asset and the output VAT due
4. Download form VAT 204 and its supplementary form from the Tax Department’s forms page on gov.cy
5. Complete form VAT 204 and its supplementary form with all required information including asset details
6. File your final VAT return covering the period from your last return to the deregistration date
7. Include the output VAT on assets in the final return
8. Pay any VAT due and await deregistration confirmation from the Tax Department

The final VAT return

Deregistration requires a final VAT return covering the period from the day after your last return period ended to the exact deregistration date. This is often a short period — not a full quarter. It must include all VAT activity in that final period plus the output VAT on any assets held at deregistration. The return must be filed and paid by the normal deadline. Retain all records for 6 years after deregistration — the Tax Department can still audit registered periods.