Accountants & Auditors Blog
The Social Insurance Services announced an impose of 1% on top of the increase that is expected on 01.01.2014
Losses for the current year only can be surrendered from a group company to another group company.
A company is resident in the Republic, tax is imposed on income accruing or arising both from sources in and outside the Republic.
An individual is a resident in the Republic, tax is imposed on income acquiring or arising from sources both within and outside the Republic.
From 1st of January 2006, with effect from the tax year 2006 and onwards , every person (individual, company or partnership) deriving income from commercial or vocation, or any other occupation and from property (such as leasing or rental) must:
Audit firms should follow the ISA’s and apply those every time they conduct an audit
Cyprus company’s should fully comply with the IFR’s
DJC was founded in November 2006 managed today to serve more than 650 clients transacting international/local business, operating in different industries for audit/assurance, tax and consultancy
Cyprus maintains and enhances its competitiveness as a reputable international financial center and distinguishes itself from the infamous tax heavens.
Read further advantages for the formation of International Business Companies in the island of Cyprus.