From 1 July 2026, a new rule will take effect in Cyprus: rental payments above €500 per month must be made only through a bank account or another traceable electronic payment method. Cash and cheques will no longer be allowed for such rental payments, so both landlords and tenants need to change how they settle rent in advance.
Understand Cyprus individual taxes and the 2026 tax reform impacting tax obligations for individual entrepreneurs in Cyprus, with updated brackets and compliance requirements.
Double Tax Treaties (DTTs) are an essential part of Cyprus's tax system, particularly given the country's role as an international business hub. These agreements help reduce or eliminate the double taxation of the same income in cross-border transactions, making international business operations more predictable and tax-efficient.
Explore the legal requirements for foreign entrepreneurs in Cyprus including foreign investment Cyprus rules, tax residency, and corporate tax updates in Limassol.
Small business owners in Cyprus often ask whether hiring an in-house accountant is legally required. The answer depends on statutory accounting obligations under Cyprus law and the operational complexity of the company. Understanding accounting requirements in Cyprus helps business owners choose between internal and outsourced accounting support.
Accounting and bookkeeping services in Cyprus are generally subject to VAT when provided by a VAT-registered firm. Understanding when VAT is charged, how it appears on invoices, and whether it can be recovered helps businesses plan expenses accurately and avoid surprises. This article explains the VAT treatment of accounting services, situations where VAT applies, and what companies should clarify in advance to ensure transparent and predictable service costs.
