Cyprus Localization

Cyprus Localization for Microsoft Dynamics 365 Business Central is an extension developed by Isystems to help businesses operating in Cyprus remain fully compliant with local accounting, tax, and regulatory requirements.

The solution extends the standard functionality of Microsoft Dynamics 365 Business Central to ensure accurate accounting, VAT submissions, and Intrastat declarations, tailored to Cypriot legislation. By automating compliance tasks and integrating directly into your ERP system, the extension helps organizations reduce errors, save time, and stay confident during audits or regulatory checks.

Functionality:

Accounting and VAT

• Predefined chart of accounts and posting groups for faster setup.
• Statutory VAT statement setup for submissions to the Cyprus Tax Authority.
• Import payroll data into the General Journal using a predefined .txt file template.

Intrastat

• Optimized Intrastat journal tailored to Cyprus-specific requirements.
• Export of Intrastat files for expeditions and receipts in the format required by Cyprus authorities.
• Additional fields in tariff codes allow entry of mandatory weight and unit of measure to ensure compliance with local regulations.

Checks

• Businesses can print Bank of Cyprus (BOC) checks directly from the system.

Documents and Reports

• Trial Balance reports with opening balances.

Benefits:

• Ensure full compliance with Cypriot accounting, VAT, and Intrastat regulations.
• Simplify Intrastat reporting
• Improve accuracy and audit readiness with standardized processes and statutory formats.
• Gain peace of mind with a certified solution continuously updated to meet changing legal requirements.
• Empower both local and international teams to work seamlessly within a single Business Central environment.

Supported Languages: English