Hospitality Businesses in Cyprus Need an Accountant Who Understands the Season

Seasonal cash flow. VAT in hospitality. Payroll that changes month to month. The compliance picture for hotels, restaurants, and tourism businesses is specific — and it needs to be handled correctly all year, not just in summer.

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What we do?

What we handle for businesses based in Ayia Napa / Famagusta

From annual audits to monthly payroll — everything your Cyprus business needs to stay compliant.

01

Accounting

Accurate, timely, and compliant bookkeeping that gives you clarity and confidence. We help you understand your numbers, make informed decisions, and stay focused on running your business.

02

Audit

More than a regulatory requirement — our independent audits build trust and demonstrate transparency. We provide clear, reliable assessments that strengthen your financial credibility.

03

Tax

We simplify complex tax rules, optimise your position, and give you practical guidance tailored to your goals. Clear advice that helps you plan confidently and avoid unnecessary challenges.

04

VAT

We make VAT straightforward. Our team ensures compliance, prevents costly errors, and keeps your processes efficient with accurate, consistent VAT management.

05

Advisory & Compliance

Strategic support across HR, planning, and regulatory compliance. We help you navigate requirements, make smarter decisions, and grow your business sustainably.

06

Payroll

Secure, accurate payroll management handled with precision and confidentiality. We ensure every payment is correct, compliant, and on time, giving you total confidence in your operations.
We File Every Week,

Never miss a Cyprus tax deadline again.
Cyprus Tax, Done Properly

VAT, payroll, corporate tax. All of it, all year.
Based in Nicosia

We walk into the tax department. Not email it.
You'll Know the Problem Before It's a Problem.

We flag issues while there's still time to fix them.

Book a Consultation

Book your consultation with an accountant in Famagusta or Ayia Napa.





    the numbers that matter

    Hospitality compliance in Cyprus

    The margin in hospitality is tight. Penalties, late fees, and miscalculated tax make it tighter. We make sure none of that comes from your accounting.

    9%

    Reduced VAT Rate for Accommodation
    19%

    Standard VAT Rate
    15%

    Corporate Tax Rate
    Monthly

    Payroll & GHS Obligations
    Building
    Accountants in Ayia Napa

    Looking for an accountant in Ayia Napa?
    Talk to us before you decide

    Book a 15-minute consultation. No obligation.

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    Leadership

    Who you'll be working with

    Our directors are the foundation of everything we do.

    Demos Kleovoulou

    Managing Director

    Antonia M. Kleovoulou

    AML Director

    Giannos Kokonas

    Audit Director

    Common questions

    Common questions from hospitality businesses in Famagusta and Ayia Napa

    Common questions from Cyprus businesses about tax, compliance, and what working with an accountant actually involves.

    Accommodation in Cyprus is currently subject to a reduced VAT rate of 9%. However, additional services — such as restaurant meals, spa treatments, or other supplies — may be subject to the standard rate of 19% or other reduced rates depending on what's being supplied. Mixed supplies need to be split and reported correctly. Getting this wrong results in either underpayment (a compliance risk) or overpayment (a cost to your business). We make sure your VAT returns reflect the correct treatment for every type of supply you make.

    Seasonal employees in Cyprus have the same PAYE, social insurance, and GHS obligations as permanent employees — they just need to be registered, run through payroll each month they work, and correctly closed off when the season ends. Errors in how seasonal contracts are handled — incorrect deductions, missing social insurance registrations, or GHS contributions at the wrong rate — are common and create problems when employees later claim benefits or if the Social Insurance Services audit your records.

    Yes. All filing obligations continue regardless of trading activity. A company that is dormant for winter months still has quarterly VAT returns to file (even if nil), a corporate tax return due for the year, and any payroll obligations for permanent staff still employed. Missing deadlines because the business is quiet is one of the most common compliance problems we see in the hospitality sector.

    Yes. Understanding when your tax liabilities fall due — provisional tax in July and December, VAT each quarter, social insurance monthly — matters significantly when your revenue is concentrated in a five or six month season. We can help you plan for these payments so that a large tax bill in a slow month doesn't come as a surprise.

    Possibly. Hospitality-specific VAT treatment changes, GHS rates have been updated, and the corporate tax rate itself moved from 12.5% to 15% from 1 January 2026. If your current accountant hasn't flagged these changes and their impact on your business, it's worth understanding what else may have slipped. A second opinion costs nothing in a free consultation and might be worth considerably more.

    Book a free, no-obligation consultation. We'll review your current situation, identify any compliance gaps, and explain exactly how we can support you going forward.