Cyprus Accounting-Audit Services for 2022
Updated 25 May 2022
As soon as your company has been set up, we bring you in touch with our Accountants. They will offer all the services you will need for your company at very reasonable fees. They will also offer you free of charge all the advice and assistance you need for your tax or vat issues. They will also advise you how to issue your invoices and whether you have to charge vat and when not.
Just ask for our package of our Cyprus Accounting-Audit Services and our accounting partners will get in touch with you immediately. We offer very favorable fees for all the Cyprus accounting-audit services you may need, such as bookkeeping, accounting, audit, vat tax filing, vies services and financial advice.
Cyprus Accounting-Audit services, follow the International Financial Reporting Standards (IFRS) so that accounting and audit accords to the standards of the international community. Also in practice this helps for the keeping of proper books as required by article 141 of the Cyprus Company Law Cap 113.
Our Accounting Services for 2022 Include
- VAT declarations filing and advice
- Auditing of yearly accounts
- Filing audited accounts
- Payroll services
- Social Security registration and payment
- Tax Residency Certificate
- Personal Tax Residency Registration
- VAT Registration for your company
- Tax Registration for your company
- Tax Registration for you personally
- 60 Day Residency Registration
- Non domiciled tax residency
- Payment of taxes and vat
- Tax optimization schemes
- Tax structures
- Double Taxation Avoidance Treaties advice
- Free tax and vat consultations and financial advice
VAT registration for 2022 and VAT Registration Number in Cyprus is very fast. In 2 days we can have your VAT Registration Number and you can start trading. All Companies except Cyprus Holding Companies must register with the VAT Authority. For more information on VAT Registration and VAT related issues follow this link: https://cypruscompanyformation.com.cy/cyprus-vat-registration/
Cyprus Accounting Services for 2022
The Assessment and Collection of Taxes Law requires that a company must produce if called upon to do so supporting documentation for all its transactions in the form of invoices, receipts, agreements etc. Proper accounting services are also required for by the Assessment and Collection of Taxes Law as per it`s amendment of 14th December 2010 whereby bookkeeping records are required to be updated every three months.
These accounting and audit books for 2022 must be kept and be available for inspection by the IRD for 6 years according to the above law and for 7 years according to the provisions of the VAT Law article 43, schedule 10.
When to pay taxes: Corporate tax in Cyprus is only 12.5%. The tax is paid three times per year. The pre-estimated tax is paid by 1/3 in July, 1/3 in December and the rest is paid when the Tax Office notifies you how much the total tax is estimated. For more info on Cyprus Corporate Tax Rate follow this link.
Cyprus Audit Services for 2022
A private taxpayer can file his accounts on the 30th of June of the year following the tax year. A company can file its accounts on the end of the next year of the tax year. For observing proper accounting the owner of the company must frequently deliver his sales and purchases to his Accounting Firm so that his bookkeeping is kept regularly. By article 24 of the Declaration and Collection of Taxes Law 4/1978 every taxpayer has to submit by the 31st of July of the tax year an estimated corporate tax. For lowering your taxes you can use the Cyprus Domiciled Status program: https://cypruscompanyformation.com.cy/?p=1861
Cyprus Audit Services – Fees for Cyprus Audit Services – 2022
Cyprus Audit Services are also of very high standards. Audit services in Cyprus are freely available and at reasonable fees. An Auditor has to be independent from the Accountants. The reason for the need of independent auditing in Cyprus is that the law requires the auditor to control and overview the accountants to ensure the proper and truthful accounting services in the country.
At the proper time the auditors will audit and file the accounts of the Cyprus company at the Inland Revenue Department and of course appear before the IRD Director and argue a case for his client if there is a dispute as to any of the company`s expenses or the declared taxable income. Our firm will be glad to assist you in any accounting audit matter or problem.
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