Cyprus Review Engagements

Which Cyprus Private Limited Companies are now Exempt from Statutory Audits?   9 June 2022, the Cyprus Companies Law Cap 113 was updated to introduce a statutory audit exemption for private limited companies and instead these companies will be subjected to an assurance review under much less demanding standards than an audit.  Companies which meet […]

Cyprus-Company-Incorporation-A-Step-by-Step-Guide

Cyprus Company Incorporation: A Step-by-Step Guide

Incorporating a Cyprus company can be a straightforward and efficient process, thanks to the country’s business-friendly environment and efficient incorporation procedures. In this article, we will provide a step-by-step guide on how to incorporate a company in Cyprus. Step 1: Choose a Company Name The first step in incorporating a Cyprus company is to choose a […]

A quick guide to accounting for digital assets and cryptocurrencies

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 calendar 2023 nikita and partners

Tax Calendar 2023

Important tax due dates and submissions

tax requirements cyprus

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 […]