Tax Obligations of Cyprus Companies
Posted: Wed Feb 19, 2025 8:50 am
Cyprus Companies, for tax purposes, are identified as tax resident or non-tax resident. A company, irrespective of where it is registered, is taxed only if it is a tax resident of Cyprus.
A Cyprus company is tax resident in Cyprus if the management and control is in Cyprus, regardless as to whether the company is also registered in Cyprus. Generally, tax resident companies are taxed at 12.5% of their business profit.
All companies have a default year-end of 31st December, but may elect another date. iran mobile database Companies must file an income tax return and financial statements within 12 months of their year-end.
How Can Dixcart Help?
Dixcart can assist with the accounting process and help ensure that the process is as simple and timely as possible.
We are also experienced in liaising with the chosen auditor and can suggest a number of competent auditors, if required.
A Cyprus company is tax resident in Cyprus if the management and control is in Cyprus, regardless as to whether the company is also registered in Cyprus. Generally, tax resident companies are taxed at 12.5% of their business profit.
All companies have a default year-end of 31st December, but may elect another date. iran mobile database Companies must file an income tax return and financial statements within 12 months of their year-end.
How Can Dixcart Help?
Dixcart can assist with the accounting process and help ensure that the process is as simple and timely as possible.
We are also experienced in liaising with the chosen auditor and can suggest a number of competent auditors, if required.