Accounting, Bookkeeping & Financial Reporting
Every Cyprus company is legally required to keep proper accounting records under the Companies Law, Cap. 113, and to prepare financial statements…
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Your Ambitions, Our Expertise
Accountants and auditors in Paphos and Limassol.
Clear advice, precise reporting and trusted support for ambitious businesses across Cyprus.
300+ local and international businesses served across Cyprus.
What we do best
Expertise that moves your business forward.
Audit & Assurance
Cyprus companies are generally required to prepare financial statements in accordance with IFRS. Depending on the company's size, activities,…
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VAT Services
Cyprus VAT is deadline-driven and unforgiving of errors: registration thresholds, quarterly returns, VIES statements and — from 2026 — a…
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Local insight.
International standards.
We combine attentive, partner-led service with the depth businesses need to make confident decisions.
About Phoenix- 300+
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Cyprus Tax & Compliance Updates 2026
2026 brings the most significant changes to Cyprus taxation in over two decades — new corporate and personal tax rates, a reformed dividend regime and revised deadlines. Here is what changes for your business and your family, and what to do about it before the deadlines arrive.
Corporate Income Tax at 15%
From 1 January 2026 the standard CIT rate rises from 12.5% to 15%, and all corporate interest income falls under CIT.
Our income tax servicesNew Personal Income Tax Bands 2026
The tax-free threshold rises to EUR 22,000, with revised bands up to 35% above EUR 72,000. Check what your payslip looks like now.
Our payroll servicesVAT on Real Estate — Changes from 1 Sep 2026
A new "first occupation" concept, an 18-month systematic-use requirement and updated rules for renovated buildings.
What property owners need to knowStamp Duty Abolished
From 1 January 2026 stamp duty is abolished; documents executed before that date remain under the old regime.
Check your contractsSDC Reform — Dividends at 5%
SDC on dividends drops from 17% to 5% for profits of tax years from 2026; non-doms remain exempt.
Plan your distributionsTransfer Pricing
Master File, Local File and Summary Information Table obligations under Section 33 of the Income Tax Law. Is your group documentation ready?
Our transfer pricing servicesIP Box — Effective Rate up to 3%
The 80% deemed deduction now combines with 15% CIT for an effective rate of up to 3% on qualifying IP profits.
Our IP Box servicesCyprus Tax Calendar 2026
Provisional tax on 31 July and 31 December, new corporate return and payment deadline of 31 January, VAT by the 10th.
Get the full calendarThis section is general information only and is not a substitute for tailored advice. Last updated: July 2026 — sources: Cyprus Tax Department / PwC Worldwide Tax Summaries.
Our expertise
Fields of Expertise
Comprehensive professional services, considered around the needs and ambitions of your business.
Talk to our team- Accounting, Bookkeeping & Financial Reporting
- Audit & Assurance
- VAT Services
- Payroll Services (Companies and Self-employed)
- Income Tax Services & Consulting
- Consulting, Administration & Corporate Services
- Intellectual Property (IP) Box Regime in Cyprus
- Transfer Pricing Study in Cyprus
- Feasibility Study
- Grant Schemes for Staff & Companies
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