Tourism contributes 13% of Cyprus GDP with 4M annual visitors, concentrated in Paphos, Limassol, Larnaca, Ayia Napa. VAT applies at 9% reduced rate for accommodation, 19% for F&B. Major OTA exposure (Booking, Expedia, Airbnb). Our platform handles PMS integration, multi-rate VAT, multi-currency reservations (UK GBP, Russian USD legacy), and OTA channel manager sync.
Guest books a suite + meals + spa via Booking.com — three VAT rates on one invoice.
Auto-split: accommodation 9%, F&B 19%, spa services 19% (excluded from accommodation reduced rate). Booking.com commission auto-deducted, net amount entered to revenue.
UK guests prefer GBP, Russians want USD — how do you handle multi-currency?
Multi-currency room rates per market segment, daily FX fix at 09:00 (ECB), invoice in guest's currency with EUR equivalent for VAT reporting. PMS sync updates rates hourly.
Cyprus Tourism Statistics (KTI) monthly submission — guest nights by nationality.
Auto-generated KTI XML: arrivals, departures, room-nights per nationality, average length of stay. Submitted via TaxisNET portal monthly.
Each module is subscribed at its own brand-domain.
