Updated for the Cyprus tax reform effective from 1 January
Read MoreLooking for trusted accountants in Limassol, Cyprus? We offer full accounting services, VAT registration and administration, bookkeeping, Annual Returns preparation and filing, and financial statement preparation for companies and individuals in Cyprus.
At IBCCS TAX, we offer a full spectrum of accounting services in Cyprus, tailored to meet the needs of both local and international businesses. Whether you are a startup, SME, or a multinational group, our accountants in Cyprus provide timely and compliant financial reporting, ensuring your business stays on track and meets all regulatory obligations. As a trusted accounting firm in Cyprus, we support companies across various sectors with accurate bookkeeping, management reports, and tax filings. Our team brings global expertise and local knowledge, allowing you to outsource your accounting confidently and focus on growth. By partnering with IBCCS TAX, you gain access to reliable and cost-effective accounting solutions that scale with your operations.
At IBCCS TAX, We deliver a full range of accounting services in Cyprus, tailored to your business model and reporting obligations. We understand the complexities of financial and tax obligations in Cyprus. Our team of qualified accountants and tax advisors are committed to offering you personalized, professional, and efficient services. Whether you are a small business, a multinational corporation, or an individual, we have the expertise and the tools to help you navigate your financial landscape effectively. Contact us today to discuss your accounting needs.
Here’s an overview of our comprehensive suite of services:
Bookkeeping Services in Cyprus
Our bookkeeping services ensure accurate and up-to-date records of your financial transactions, facilitating strategic decision-making and regulatory compliance.
Preparation & Audit of Financial Statements for Cyprus Companies
We specialize in the preparation of accurate financial statements for Cyprus companies. We also offer auditing services by our Partners, ensuring your financial statements comply with the relevant laws and accounting standards.
Tax Identification Number in Cyprus
We assist you in obtaining a Tax Identification Number, a critical requirement for any individual or corporation conducting business in Cyprus.
VAT Administration, Registration & De-Registration in Cyprus
Our team is adept at managing all aspects of VAT (Value Added Tax) administration, ensuring accurate calculations, timely payments and compliance with local laws. We also handle VAT registration and de-registration for businesses. We provide comprehensive VIES (VAT Information Exchange System) administration services and facilitate VIES registration. These services are crucial for businesses involved in trade within the EU.
OSS Administration Services & Registration in Cyprus
Our OSS (One Stop Shop) administration services simplify VAT obligations for businesses selling goods or services cross-border within the EU. We also facilitate OSS registration.
Register for EORI Number
We assist businesses in obtaining an EORI (Economic Operators Registration and Identification) number – a requirement for businesses involved in customs activities in the EU.
Declaration of withheld SDC and GHS contributions from interests and dividends
We assist in the declaration of Special Defence Contribution (SDC) and General Healthcare System (GHS) contributions withheld from interests and dividends.
Tax Clearance in Cyprus
Our team can facilitate tax clearance for individuals and businesses, a necessary step in various corporate activities and transactions.
Tax Residency Certificate in Cyprus
We assist in obtaining a Tax Residency Certificate, a crucial document for tax planning and international business operations.
Payroll Preparation Services in Cyprus
Our experts handle all aspects of payroll preparation, ensuring timely and accurate payment to your employees, while adhering to legal obligations in Cyprus.
Certificate of Emoluments in Cyprus
We provide services for obtaining a Certificate of Emoluments, a document necessary for proof of income in various circumstances.
Income Tax Return Service for Individuals
We offer a comprehensive income tax return service for individuals, helping you fulfill your tax obligations accurately and efficiently.
We are based in Limassol and support clients across Cyprus, including international companies with Cyprus entities or operations. Most engagements can be managed remotely with structured document workflows and scheduled reporting, with in-person meetings available when needed.
A Cyprus accountant typically covers bookkeeping, VAT compliance (where applicable), annual compliance such as the Annual Return (HE32), and year-end statutory financial statements. For international groups, this often also includes reporting pack support and coordination with group finance teams.
The Annual Return (HE32) is a key annual filing requirement for Cyprus companies. We prepare the necessary information, coordinate supporting documents, and manage the filing process to keep your company compliant.
Yes. We can support onboarding for new Cyprus companies by setting up the accounting workflow, defining document requirements, and aligning reporting with Cyprus compliance obligations and your internal group reporting needs.
Yes. We support VAT registration and de-registration, ongoing VAT administration, and VAT return preparation and submission. We also help ensure your VAT process is aligned with your invoicing and documentation to reduce compliance risk.
Yes. For businesses trading within the EU, we support VIES registration and administration, OSS registration/administration (where applicable), and EORI registration support – helping you align VAT reporting with your cross-border trading model.
Yes. We prepare statutory financial statements in line with IFRS and Cyprus Companies Law. For international groups, we can also support consolidation-ready reporting and coordinate deliverables with group accountants and auditors.
Yes. Where an audit is required or requested, we coordinate the process with auditors, prepare schedules and supporting documentation, and help ensure the year-end close is organised and audit-ready.
Yes. We provide payroll preparation services and support employer documentation such as the Certificate of Emoluments. For international businesses with Cyprus payroll obligations, we help implement a compliant payroll workflow from onboarding onward.
Typically we need company details, access to accounting records (or the existing bookkeeping file), bank statements, invoices/receipts, and clarity on your reporting cadence. For international clients, we provide a structured onboarding checklist and secure document process to make remote collaboration straightforward.
Yes. We support individuals with income tax return preparation (where applicable) and with requested certificates and documentation such as tax residency certificates, depending on your circumstances and compliance needs.
Share your company activity, expected transaction volume, VAT status, payroll needs, and whether you require annual filings such as HE32 and financial statements (and audit coordination, if applicable). For international groups, also mention reporting pack/consolidation requirements – we will propose scope and pricing accordingly.
Updated for the Cyprus tax reform effective from 1 January
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