Accounting & Bookkeeping in Cyprus

Accounting services in Cyprus usually include bookkeeping, financial reporting, tax compliance, VAT return preparation, payroll processing, and support with communication with auditors and tax authorities when needed.

Yes, accounting and bookkeeping services in Cyprus are generally subject to VAT, unless specific exemptions apply under Cyprus VAT legislation.

VAT is usually charged separately and depends on the VAT status of both the service provider and the client.

No. Many small and medium-sized businesses in Cyprus choose external accounting services instead of hiring a full-time in-house accountant to reduce costs while maintaining compliance and financial clarity.

Self-employed individuals in Cyprus are generally required to register with the tax authorities, submit annual income tax returns, pay social insurance contributions and comply with VAT rules if applicable.

VAT registration in Cyprus involves submitting an application to the tax authorities once the business meets the registration threshold or becomes subject to mandatory registration requirements.

Corporate tax filing in Cyprus typically requires financial statements, tax computation schedules, and the relevant statutory forms. Supporting accounting records must be maintained and may be requested by the tax authorities if needed.

Accurate and up-to-date accounting provides clear financial information that helps business owners understand performance, manage risks and make informed strategic decisions.

Yes, accounting services are widely provided across Cyprus, including Limassol, Nicosia and other major business centres, often remotely as well.

A boutique accounting company offers a personalised approach, clear communication and tailored solutions, making it well suited for small and medium-sized businesses.