Stalworth Pro is a Nicosia-based accounting firm
We handle corporate tax, audit, VAT, and payroll for businesses across Cyprus, and we do it properly. ICPAC registered, filing with the Tax Department every week, dealing with CIPA and the Registrar as a matter of routine.
About us
Accountants who know Cyprus
About Our Work We've been doing this in Cyprus for years. It shows.
Nicosia based Accountants
Looking for an accountant in Cyprus?
Talk to us before you decide
Book a 15-minute consultation. No obligation. Based in Nicosia.
Help Center
Everything you need to know about accounting in Cyprus.
Common questions from Cyprus businesses about tax, compliance, and what working with an accountant actually involves.
Yes, without exception. All companies registered in Cyprus must submit audited financial statements — even if the company had no activity that year. This is a statutory requirement, not optional.
For small companies, fines run at €50 per day of delay up to €10,000. For larger companies, it's €100 per day up to €50,000. A company that fails to submit financial statements within two years risks removal from the company register entirely.
Provisional tax is paid in two equal instalments — 31 July and 31 December of the tax year. Underpay by more than 25% of your final liability and you face an additional penalty on top.
VAT registration becomes compulsory once your taxable turnover exceeds €15,600 in any 12-month period. You can also register voluntarily before reaching that threshold.
The Tax Department has 6 years from the end of the relevant tax year to raise an enquiry — extended to 12 years in cases of established fraud.
15% from 1 January 2026, up from 12.5%. If your tax planning was built around the old rate, it needs reviewing.
Yes. Even if a company remained dormant, it must still prepare and file accounts. The filing obligation doesn't disappear because there was no trading activity.
All financial and tax reporting in Cyprus is submitted exclusively electronically via Taxisnet and the Tax for All portal. Companies must be pre-registered and keep their representative details up to date — this applies equally to large and small businesses.