The world of audit services is on the brink of a transformative journey, driven by technological advancements and the ever-evolving business landscape. As we navigate through the 21st century, audit...
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Cyprus, strategically located at the crossroads of Europe, Asia, and Africa, has established itself as a prominent business and financial hub. Understanding the tax landscape is crucial for individuals and...
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Outsourcing the accounting function vs keeping it in-house Outsourcing the accounting function and having it in-house both come with their own sets of advantages and drawbacks. Here’s a breakdown: Benefits...
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The regulatory landscape in accounting is always evolving, and professionals in the field must keep abreast of these changes to remain compliant and effective in their roles.   So why...
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Payment of temporary tax for the tax year 2023 and final tax for the tax year 2022 As per the Assessment and Collection of Taxes Law, every company or individual...
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The new legislation, enacted on 8 June 2023, sets out the following 2 conditions (square meters and value) that both need to be fulfilled to benefit from the 5% VAT...
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Extension for the submission of tax returns of individuals According to a decree issued by the Council of Ministers on 9 June 2023, the submission of tax returns for individuals...
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The Council of Ministers revised the criteria for obtaining an Immigration Permit as per Regulation 6(2) of the “Aliens and Immigration” Regulations (i.e. Permanent Residency (PR) Permit for Investors). The...
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In an increasingly complex and dynamic business environment, organizations face a multitude of risks and challenges. To mitigate these risks and ensure operational efficiency, many companies turn to internal audit...
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June 2024

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