Cyprus Accounting-Audit Services for 2021

Updated 02 July 2021

 

Cyprus accounting-audit services are available for your company. Cyprus Accounting-Audit Services can be offered for your company on your request. Just ask for a quote 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.

 

What We Offer

  1.  Bookkeeping
  2.  Accounting
  3.  VAT declarations filing and advice
  4.  Auditing of yearly accounts
  5.  Filing audited accounts
  6.  Payroll services
  7.  Social Security registration and payment
  8.  Tax Residency Certificate
  9.  Personal Tax Residency Registration
  10.  VAT Registration for your company
  11.  Tax Registration for your company
  12.  Tax Registration for you personally
  13.  60 Day Residency Registration
  14.  Non domiciled tax residency
  15.  Payment of taxes and vat
  16.  Tax optimization schemes
  17.  Tax structures
  18.  Double Taxation Avoidance Treaties advice
  19.  Free tax and vat consultations and financial advice

VAT registration and VAT Registration Number in Cyprus is very fast. In 3 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 2021

 

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 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. By article 142 of the Cyprus Company Law companies in Cyprus are expected to prepare financial statements in accordance with the International Financial Reporting Standards: `Article 142.- (1) (a) The directors shall cause to be made, for every company, a complete set of financial statements, as this set is prescribed by the International Accounting Standards.

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:  https://cypruscompanyformation.com.cy/cyprus-corporate-tax-rate/

 

Cyprus Audit Services for 2021

 

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. This is important as his accountants will also file his vat returns quarterly and also through good accounting to estimate as precisely as possible the temporary corporate tax of his company and pay it in time to avoid penalties and fines. 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 Accounting Fees for 2021

 

Every company after its registration must keep books and file audited accounts once a year. If after its registration a company does not register with the Inland Revenue department its directors are liable to criminal charges. We offer accounting in at reasonable fees. Our company will offer you accounting services at low fees through our accounting associates who are highly trained and highly educated accountants and independent auditors. Get in touch with us and ask for a quote for your accounting as soon as the need arises even if you have not incorporated your company through our firm.

Of course if you incorporate a company through our law firm, we will also offer you best accounting fees for your new company. A company is easy and fast to register and even easier to operate. Registration procedures for a Cyprus company can been done in your absence and the company registration can be completed in about 4 to 5 days. For the procedure and other information for the Cyprus company registration follow this link: Cyprus Company Formation. Most of the time fees for Cyprus accounting in Cyprus, go together to form a more client friendly package.

 

Cyprus Audit Services – Fees for Cyprus Audit Services

 

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.