Microsoft Dynamics 365 Business Central localization for Cyprus

Cyprus is a major hub for international business, requiring financial systems that can handle both local statutory rules and complex cross-border EU regulations. Awara IT offers a fully localized, ready-to-deploy version of Dynamics 365 Business Central designed specifically for local and international companies operating in the Cypriot market. Our solution bridges the gap between global corporate HQ standards and local statutory requirements, empowering your financial team to work efficiently within a single ERP system.

Seamless TaxisNet & EU Compliance

Operating in Cyprus requires precise VAT reporting and interaction with the Cyprus Tax Department. This localization is designed to streamline your submissions to the TaxisNet system and fully automate EU-specific reporting, minimizing manual errors and saving your accounting team hours of work.

Key Features & Covered Functionality:

• TaxisNet Ready: Automated generation of structured VAT returns and reports ready for submission to the Cyprus Tax Department. • VIES & Intrastat Automation: Built-in compliance for the VAT Information Exchange System (VIES) and Intrastat, essential for companies trading within the European Union. • Cyprus Statutory Accounting: Full alignment with local accounting practices and tax legislation. • Multi-Currency & Exchange Rates: Optimized handling of multiple currencies with automated exchange rate adjustments for international holding companies. • SEPA Bank Integration: Streamlined payment processing compliant with the Single Euro Payments Area (SEPA) standards used by Cypriot banks.