Non-performing loans are generally accepted to impact business liquidity directly and should therefore be addressed in a timely manner to ensure business viability.

The audit, tax and consulting firm RSM Cyprus, with offices in Limassol, Paphos and Nicosia, has been certified by the Great Place to Work® as the employer of choice based on the questionnaire Trust Index©, which relies solely on the anonymous and confidential answers of its employees.

We are excited to announce that Nicole Stavrinidou has joined our team as a Quality Assurance Director.

RSM in Cyprus, as one of the official supporters of the 5th Cyprus International Tax Conference, was presented at the conference held on March 15, 2022, in Nicosia.

RSM in Cyprus is amongst the leading professional services providers offering a comprehensive range of audit, tax, and consulting services with a presence in Limassol, Paphos and Nicosia, jointly with the other RSM in Europe launches the 4th edition of Commercial Real Estate Tax Guides 2022.

Audit service, especially in Cyprus, is highly understated.

With offices in Limassol, Paphos, and Nicosia, RSM is one of Cyprus's top professional service providers, offering a comprehensive range of audit, tax, accounting, and consulting services. With offices in Limassol, Paphos, and Nicosia, RSM is one of Cyprus's top professional service providers, offering a comprehensive range of audit, tax, accounting, and consulting services.

On 11 January 2022, RSM, the leading global audit, tax, and consulting network, announced its official financial results for 2021.

Gold Award to RSM Cyprus for its Successful Management in Reorganization, Restructuring and Consolidation programs.

RSM Cyprus supports the international social awareness campaign "Changing the face of men's health" by purchasing Movember products.

Cyprus proves once again its entrepreneurial ability by announcing an attractive action plan that aims to attract companies to operate and/or expand their activities in Cyprus.

Along with the boom in online spend, customer expectations have changed and retailers have had to bolster their online offering to meet demand.

New ideas and projects are core elements in business expansion, growth and profit generation.

In a relevant announcement, the Council of Ministers approved on June 16, 2021, a Decree of the Ministry of Finance, which obliges companies operating in the service sector and retail trade, to accept payments via cards and inform consumers in a transparent, straightforward and precise manner.

All businesses, but especially those that are just getting started, need to keep accurate financial records. 

It is kindly reminded that all the Cyprus registered companies are subject to a €350 Annual Company Levy. The last date of the payment of the Annual Company Levy for 2021 is the 30th of June 2021.

On 1 June 2021, the Republic of Cyprus and The Netherlands have signed for the first time an agreement to avoid double taxation. 

Based on Sections 9(1) and 13(1) of the Merchant Shipping (Fees and Taxing Provisions) Laws of 2010-2020 (Law No. 44 (I) of 2010 as amended by Law 39(I)/2020), the Cyprus Shipping Deputy Ministry (SDM), has announced a new range of green incentives aiming to reward vessels that demonstrate effective emissions reductions, applicable as from the fiscal year 2021.

In the context of its Corporate Social Responsibility (CSR) framework, RSM Cyprus is the co-organizer of the 5 x 5 Mini Football Championship of FC Dinamo, Limassol. The championship will take place between the dates 1st – 29th of June 2021 at the Kalogeropouleio Stadium in Limassol.  

The purpose of the current newsletter is to inform about extensions provided by the legislation due to the Covid19 crisis, as well as amendments on the Procedure of the Settlement of Tax Overdue Amounts Law. It also refers to the European Commission Action Plan for Fair and Simple Taxation Supporting the Recovery Strategy.