Topics and Questions
We help you find quickly a lot of answers relating to the Cyprus accounting, tax, social insurances and other matters for your business or for you as an individual.
Move to Cyprus
Registered and licensed auditors and accountants located in Limassol, Cyprus. Read this article to better understand the definition of PAYE.
Cyprus Tax Calendar 2023
You can review our tax calendar for the year 2023 and identify all the yearly deadlines as well all the types of form you will need to complete.
SDC and GHS on Cyprus rent
Registered and licensed auditors and accountants located in Cyprus. Do you rent your property or you are a tenant. Learn your obligations.
Cyprus Vat
Registered and licensed auditors and accountants located in Limassol, Cyprus. For a brief overview about Cyprus Vat, read our article.
Tax for All Portal (TFA)
Registered and licensed auditors and accountants located in Limassol, Cyprus. Learn about new portal "Tax For All".
PAYE explained
Registered and licensed auditors and accountants located in Limassol, Cyprus. Read this article to better understand the definition of PAYE.
Social Insurance and General Health System Contributions for the year 2023
In this article you can find the Cyprus Social Insurance and the General Health System % for the year 2023.
Invoice requirement for Cyprus
.Are you planning to issue sales invoices on your own template or use an accounting software. Check here the minimum invoices requirements
Exemption for Personal Tax Submission
EXEMPTION FOR PERSONAL TAX On September 2022, in the Cyprus Official Gazette it was stated that any individual (self-employed or employee) who annual gross income or salary is below EUR19,500 has no obligation to submit it personal tax return through…
Employee Payments – What changed
A company can pay its employees salaries through a bank transfer or bank cheque. Exemptions can apply. Read the article.
Audit or not – Alternative Procedures
AUDIT OR NOT – ALTERNATIVE PROCEDURES Overview The audit requirement in Cyprus is not compulsory taking into consideration the following criteria. The non-audit requirement is applicable for companies with year end 31 December 2022 and after. In the addition, the…
Beneficial Owner Register Public Access – Suspended
BENEFICIAL OWNER REGISTER PUBLIC ACCESS – SUSPENDED Overview As of 23 November 2022, the department of Registrar of Companies and Intellectual Property of Cyprus announced that with reference the Court of Justice of the European Union (case C-37/20 and C601/20),…
Deletion of Cyprus Companies – Annual Levy
The Registrar of Companies of Cyprus will delete any Cypriot Company will fail to pay the annual levy. The deletion is subject to specific conditions.
Provisional Tax
PROVISIONAL TAX Overall Provisional Tax assessment and payment is a government requirement according to the Assessment and Collection of Taxes Law No.4 of 1978 as amended. Cyprus Companies should estimate their taxable income for the whole year before the year…
Vat Reverse charge – A comprehensive Guidance
VAT REVERSE CHARGE – A COMPREHENSIVE GUIDANCE Update is under progress Back to news and articles
Reverse charge – Construction Industry
VAT REVERSE CHARGE FOR CONSTRUCTION INDUSTRY Overview The House of Representatives of the Republic of the Republic of Cyprus on 31 July2020 put in practice some important amendments to the Cyprus VAT law which is affecting the construction industry and…
Reversed charge mechanism explanation for purchases
REVERSED CHARGE MECHANISM (RC) – HOW IT WORKS (AS A CUSTOMER) Understanding the Reverse Charge Mechanism as a customer The reverse charge is covered by article 11E. Below we present a summary and some examples regarding the vat treatment of…
Self Employment
SELF EMPLOYMENT There are two main methods that you can operate a business in Cyprus. The two methods are: as a self-employed through a limited liability company In this article we will focus on the Self-employed First you need to…
Personal Income Tax
PERSONAL INCOME TAX | SALARIES | EMPLOYMENT INCOME GeneralAny tax resident legal person or entity with business activities in Cyprus or abroad is taxable in Cyprus on its worldwide income (note1) including Cyprus income. The most common income for an…