[{"data":1,"prerenderedAt":228},["ShallowReactive",2],{"library:has-visible":3,"/insights/value-added-tax-in-cyprus":66},{"id":4,"title":5,"asset":6,"body":7,"category":46,"date":47,"description":13,"extension":48,"head":49,"icon":50,"kind":51,"mailjet":52,"meta":54,"navigation":56,"ogImage":49,"path":57,"private":58,"reviewEmail":59,"robots":58,"schemaOrg":49,"seo":60,"sitemap":49,"stem":62,"subtitle":63,"summary":64,"__hash__":65},"library/library/ai-in-finance-may-2026.md","AI in Finance (May 2026)","ai-in-finance-may-2026.pdf",{"type":8,"value":9,"toc":41},"minimark",[10,14,17,22,38],[11,12,13],"p",{},"In late 2025, the AICPA and CIMA asked 1,446 senior finance leaders whether they expected AI to be the most transformative trend in accounting and finance over the next two years. Eighty-eight per cent said yes. Eight per cent said their own organisation was \"very well prepared\" to manage that trend. This brief is for the 92%.",[11,15,16],{},"It is not a deployment guide. It is a guide to thinking about AI in finance clearly enough to govern it: what the term actually means, what the published evidence does and does not support, where the genuine risks sit, and what a finance leader can usefully ask of their team in the next ninety days.",[18,19,21],"h2",{"id":20},"whats-inside","What's inside",[23,24,25,29,32,35],"ul",{},[26,27,28],"li",{},"A four-part taxonomy of classical ML, document AI, generative AI, and agentic AI, and why most failed projects begin with teams that did not know which of the four they had bought.",[26,30,31],{},"A maturity map of finance use cases: where to deploy now (AP, treasury forecasting), where to pilot (close, FP&A, tax), and where the evidence still says experiment, do not commit (agentic execution across the function).",[26,33,34],{},"What AI still doesn't do well, grounded in the FailSafeQA, FAITH, PHANTOM, FinanceQA, FinBen and AuditBench benchmarks, and why \"ninety per cent accurate\" is not a model you can deploy unsupervised against the general ledger.",[26,36,37],{},"The five risk surfaces a CFO owns, the build-versus-buy decision and the thin-wrapper trap, and six questions to put to your team this quarter.",[11,39,40],{},"Leave your details below and we'll send you a copy by email.",{"title":42,"searchDepth":43,"depth":43,"links":44},"",2,[45],{"id":20,"depth":43,"text":21},"Research Brief","2026-05-21T00:00:00.000Z","md",null,"brain-circuit","brief",{"listId":53},10579677,{"accent":55},"indigo",true,"/library/ai-in-finance-may-2026",false,"sales@mantle.eu",{"title":5,"description":13,"robots":61},"noindex, nofollow","library/ai-in-finance-may-2026","What the evidence says (and doesn't) about generative and agentic AI in the corporate finance function.","AI in Finance (May 2026) is a Mantle Research brief on what the published evidence does and does not support about AI in the office of the CFO. It distinguishes the four categories of system being sold under the label, maps the use cases where deployment is justified today, names the five risk surfaces a CFO owns, and closes with six questions to take to your team this quarter.\n","fBp_asiLQYi7u4W6RV4dINmDbocnWYJtA0ABjBvWe5w",{"id":67,"title":68,"body":69,"category":215,"date":216,"description":217,"extension":48,"headerImageUrl":218,"meta":219,"navigation":56,"path":220,"private":58,"seo":221,"sitemap":222,"stem":226,"thumbnailImageUrl":218,"__hash__":227},"insights/insights/value-added-tax-in-cyprus.md","In a Nutshell: Value Added Tax (VAT) in Cyprus",{"type":8,"value":70,"toc":205},[71,74,78,81,85,88,121,125,128,131,135,138,142,145,159,162,166,169,180,183,187,190,194,197],[11,72,73],{},"Understanding Value Added Tax (VAT) is crucial for both businesses and individuals in Cyprus. Whether you're a business owner managing your finances or an individual navigating the complexities of tax obligations, having a clear grasp of VAT can save you time and money. In this post, we'll provide a comprehensive overview of how the VAT system works in Cyprus, covering everything from registration to exemptions and refunds.",[18,75,77],{"id":76},"what-is-vat","What is VAT?",[11,79,80],{},"Value Added Tax (VAT) is a consumption tax levied on the supply of goods and services in Cyprus, as well as on the acquisition of goods from the EU and the importation of goods into Cyprus. VAT is a significant source of revenue for the government and is charged at each stage of the production and distribution chain.",[18,82,84],{"id":83},"vat-rates-in-cyprus","VAT Rates in Cyprus",[11,86,87],{},"Cyprus applies several VAT rates depending on the type of goods and services:",[23,89,90,97,103,109,115],{},[26,91,92,96],{},[93,94,95],"strong",{},"Zero Rate (0%):"," Applied to exports and certain services. Temporarily it is applied to certain necessities.",[26,98,99,102],{},[93,100,101],{},"Reduced Rate (3%):"," Specific cultural, educational, and other services.",[26,104,105,108],{},[93,106,107],{},"Reduced Rate (5%):"," Basic necessities such as food, pharmaceuticals, and books.",[26,110,111,114],{},[93,112,113],{},"Reduced Rate (9%):"," Accommodation services and certain transport services.",[26,116,117,120],{},[93,118,119],{},"Standard Rate (19%):"," Applied to non-exempt (see below) goods and services, not included in the above reduced rates",[18,122,124],{"id":123},"vat-registration","VAT Registration",[11,126,127],{},"Businesses in Cyprus must register for VAT if their turnover exceeds €15,600 in the preceding 12 months or is expected to exceed this threshold in the next 30 days. Voluntary registration is also available for businesses with lower turnovers or those making supplies outside the scope of VAT but eligible for input VAT recovery.",[11,129,130],{},"To register, businesses need to complete the appropriate application process via the Tax For All System.",[18,132,134],{"id":133},"vat-returns-and-payments","VAT Returns and Payments",[11,136,137],{},"VAT returns must be submitted electronically on a quarterly basis. Payments are due by the 10th day of the second month following the end of the VAT period. Failure to submit returns or make payments on time can result in penalties and interest charges.",[18,139,141],{"id":140},"exemptions-and-special-cases","Exemptions and Special Cases",[11,143,144],{},"Certain goods and services are exempt from VAT, including:",[23,146,147,150,153,156],{},[26,148,149],{},"Leasing of residential buildings.",[26,151,152],{},"Most financial services.",[26,154,155],{},"Medical and dental care services.",[26,157,158],{},"Educational and sports activities.",[11,160,161],{},"There are a number of special cases, (e.g. as the sale of immovable property, cross-border transactions etc.) that have specific VAT treatment/rules that must be followed.",[18,163,165],{"id":164},"input-vat-refunds","Input VAT Refunds",[11,167,168],{},"Businesses can claim refunds on input VAT under certain conditions, such as:",[23,170,171,174,177],{},[26,172,173],{},"The VAT relates to zero-rated transactions.",[26,175,176],{},"The VAT is for capital assets of the company.",[26,178,179],{},"The VAT is for transactions that would be taxable if conducted within Cyprus.",[11,181,182],{},"Refunds are processed after a period of four months from the date the VAT becomes refundable, but refunds may take longer to be effected.",[18,184,186],{"id":185},"common-mistakes-and-how-to-avoid-them","Common Mistakes and How to Avoid Them",[11,188,189],{},"Common mistakes include incorrect VAT rate application, late submissions, and failing to claim eligible input VAT refunds. To avoid these pitfalls, ensure accurate record-keeping, timely submissions, and understanding the specific VAT rules applicable to your transactions.",[18,191,193],{"id":192},"in-a-nutshell","In a Nutshell",[11,195,196],{},"Navigating the VAT system in Cyprus can be complex, but understanding the basics can help you stay compliant and optimize your tax position. Are you a business looking to simplify your VAT workflow? Consider Mantle, the modern accounting and ERP platform tailored for Cyprus.",[11,198,199,200],{},"Mantle supports even the most complex VAT scenarios, automates VAT and VIES returns and is designed for compliance with the regulations and legislative changes of tomorrow. Sounds interesting? ",[201,202,204],"a",{"href":203},"/","Sign up",{"title":42,"searchDepth":43,"depth":43,"links":206},[207,208,209,210,211,212,213,214],{"id":76,"depth":43,"text":77},{"id":83,"depth":43,"text":84},{"id":123,"depth":43,"text":124},{"id":133,"depth":43,"text":134},{"id":140,"depth":43,"text":141},{"id":164,"depth":43,"text":165},{"id":185,"depth":43,"text":186},{"id":192,"depth":43,"text":193},"Cyprus Tax","2024-05-24T00:00:00.000Z","A complete guide to how VAT works in Cyprus: registration thresholds, the standard and reduced rates, exemptions, and how to claim refunds.","/assets/images/outlet/insights/value-added-tax-in-cyprus.jpg",{},"/insights/value-added-tax-in-cyprus",{"title":68,"description":217},{"loc":220,"lastmod":223,"changefreq":224,"priority":225},"2024-05-24","monthly",0.8,"insights/value-added-tax-in-cyprus","KX7YdxCFBtVr6e3vwcP84jRnGW5n6tW0eLId1uyN70A",1781372007699]