Cyprus has a favourable corporate tax rate of 12.5%.

Yes. Cyprus uses a progressive income tax system with rates up to ~35%, depending on income.

You must register your company with the Cyprus Tax Department to obtain a Tax Identification Number (TIN) and comply with local tax obligations.

The tax year in Cyprus follows the calendar year, beginning on January 1st and ending on December 31st.

An auditor can review your financials, ensure accurate reporting, identify tax risks, and help optimise your tax position.

Annual corporate tax returns are required to be submitted electronically by 31st March of the second year following the tax year.

CGT in Cyprus typically applies to gains from the disposal of immovable property located in Cyprus at a flat rate of 20%.

You should retain invoices, contracts, bank statements, and supporting documentation for your income and expenses for at least six years.

Late payments may incur interest and penalties. Persistent non-compliance can lead to audits or further sanctions.

Double taxation occurs when the same income is taxed in two countries. Cyprus has double tax treaties with more than 60 countries, helping to reduce or eliminate double taxation.

International client work, royalties, or intra-group transactions may trigger transfer pricing, withholding taxes, or other cross-border tax considerations.

Yes. If you become a tax resident in Cyprus, your worldwide income may be subject to Cyprus tax, but you may also benefit from favourable tax regimes, depending on your structure.