Larnaca Small Businesses: Your Accountant Should Be Keeping You Out of Trouble
Missed VAT deadlines. Wrong GHS contributions. Unfiled returns. These are the things that quietly build up — until they don't. We handle Cyprus compliance properly, so you don't have to worry about it
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What we do?
What we handle for Larnaca based businesses
From annual audits to monthly payroll — everything your Cyprus business needs to stay compliant.
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About us
A tax system you need to get right
Cyprus has one of the most competitive tax environments in Europe
Accountants in Larnaca
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Common questions
What we handle for Larnaca based business
Common questions from Cyprus businesses about tax, compliance, and what working with an accountant actually involves.
VAT registration is compulsory once your taxable turnover exceeds €15,600 in any 12-month period. You can also register voluntarily before that threshold. Once registered, quarterly VAT returns must be filed with the Tax Department and any VAT due paid on time — late payments carry interest and penalties.
GHS (General Health System) contributions are deducted from employee salaries and also paid by employers as a percentage of gross salary, up to an annual cap. The rates have changed in recent years. Employees currently contribute 2.65% and employers contribute 2.90% on gross earnings up to €180,000. If your payroll hasn't been updated to reflect the current rates, your submissions may be incorrect.
Late filing of corporate tax returns, VAT returns, or payroll submissions attracts automatic penalties and interest. These compound over time and can become significant for businesses that have let things slide for a year or more. We can also help review prior years and regularise your position if needed.
The filing obligations in Cyprus apply regardless of business size. A company with two employees has the same VAT, payroll, corporate tax, and audit requirements as a company with fifty. The cost of getting it wrong — penalties, interest, and eventually investigation — generally exceeds the cost of having it handled properly from the start.
Yes. We handle the handover, request prior year files and correspondence, review your current compliance position, and get everything running correctly from the point we take over. You don't need to manage that process yourself.
Book a, no-obligation consultation. We'll look at your current situation, tell you honestly what's working and what isn't, and explain how we'd handle things going forward.
