A guide to accounting for digital assets and cryptocurrencies
As the popularity and adoption of blockchain technology continue to grow, so does the significance of understanding the accounting treatment of crypto assets and cryptocurrencies. This guide aims to provide a comprehensive overview of accounting considerations for these digital assets under International Financial Reporting Standards (IFRS). What are Crypto assets? A crypto asset is any […]
Tax filing requirements for Cyprus registered companies
Tax year The tax year in Cyprus is the calendar year i.e., January 1st to December 31st. Do I need to file a tax return for my Company? Every Cyprus tax resident company is required to annually prepare audited or reviewed financial statements and file its Tax Return (TD4) based on these financial statements. When […]
Financial Reporting requirements for Cyprus companies
Keeping books of account The directors of every company are responsible to maintain proper books of account which are necessary for the preparation of financial statements. Proper books of account shall be sufficient for the presentation of an accurate and fair picture of the affairs of the company as well as an explanation as to […]
