Steps and timeline
- 1after year end
Audited accounts
The return is based on them.
- 21–2 weeks
Tax computation
Deductions, losses, IP and notional interest where relevant.
- 3by deadline
File and pay
Online, by the deadline; provisional tax is paid in two instalments, 31 July and 31 December.
What is the corporate tax rate in Cyprus?
15% of taxable profit from 1 January 2026, up from 12.5%. Dividends received and gains on shares are usually exempt. Losses can be carried forward for seven years. We prepare the tax computation from the audited accounts and apply every deduction the company is entitled to.
When is the Cyprus corporate tax return due?
From tax year 2026, by 31 January of the second year after the tax year, so the 2026 return is due by 31 January 2028. Provisional tax is paid in two instalments during the year, by 31 July and 31 December. We track both dates and file the return online.
Documents
For the tax return
The exact list depends on your situation; we confirm it before filing.
Who does what
What you do
- Share your situation and goals
- Collect documents from home
- Agree the scope of work in writing
What we do
- Check the requirements for your case
- Prepare the documents and file the application
- Follow up until the decision
Your coordinator
- Plans the work and next steps
- Keeps one timeline for everything
- Reminds you of renewals and deadlines
Common mistakes
- Paying provisional tax on last year's profit when this year is much higher
- Taxing dividends or gains on shares that are exempt
- Using a loss that lapsed after seven years or after a change of owner and business
- Leaving out the Summary Information Table for related-party transactions
- Filing before the accounts are approved and signed
What affects the cost
The price depends on your situation. We explain the scope and expected costs before work begins.
Questions
Do dormant companies file?
Yes, a return is still due.
What rate applies?
15% from 1 January 2026 (12.5% up to 2025).
How is Cyprus corporate tax calculated?
On the accounting profit, adjusted by tax rules. Example for 2026: profit €250,000. Add back €15,000 of depreciation and €10,000 of costs that are not deductible. Deduct €12,000 of capital allowances and €20,000 of exempt dividends received. Taxable profit is €243,000. A €43,000 loss from 2024 brings it to €200,000. Tax at 15% is €30,000. With €26,000 paid as provisional tax, €4,000 is due with the return by 31 January 2028.
How long can a company carry forward tax losses?
Seven years from the end of the year in which the loss arose. A loss is lost if, within three years, the company changes owners and also substantially changes its business.
When is the corporate tax paid?
Provisional tax for the current year in two instalments, by 31 July 2026 and 31 December 2026. From tax year 2026 any balance is paid by the return deadline, 31 January of the second year after the tax year. After that date interest runs.
How long must the company keep its records?
Six years from the deadline for the tax return they support. That covers invoices, contracts, bank statements and the workings for the tax computation.
Sources
- PwC Tax Summaries: Cyprus corporate tax, checked 24 October 2026
- PwC Tax Summaries: Cyprus tax administration, checked 24 October 2026
- Assessment and Collection of Taxes Law 4/1978, sections 5 and 6 (31 January deadline, six-year records) (cylaw.org), checked 29 October 2026
- Income Tax Law 118(I)/2002, section 13: losses carried forward seven years (cylaw.org), checked 29 October 2026
- Tax Department: deadlines (in Greek), checked 29 October 2026
- Tax reform 2026 (gov.cy): tax benefits for businesses, corporate tax 15% (in Greek)
Figures checked 29 October 2026. Rules change: we confirm them for your case before you act.
