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Comptabilitat a Xipre

Accounting Rules

Tax Year
The tax year is the calendar year, from 1 January to 31 December.
Accounting Standards
Cypriot accounting practices used International Accounting Standards (IAS) for financial statements preparation. With the European Union membership, the Cypriot companies should adopt IFRS according to EU requirements.
Accounting Regulation Bodies
Treasury of the Republic of Cyprus
Accounting Reports
Annual financial statements including a balance sheet, a profit and loss account and an annex should be prepared in Greek and a company annual return be submitted to the Registrar of Companies.
Publication Requirements
The Company Law requires that a company maintains proper accounting records in accordance with the International Accounting Standards. Financial statements for a 12-month accounting period have to be prepared annually.

The Cypriot companies are required to maintain account books justifying:
- total payments received and expenses incurred
- total sales and purchases of goods
- details of debt and credit.

Professional Accountancy Bodies
ICPAC , The Institute of Certified Public Accountants of Cyprus
Certification and Auditing
The companies of Cyprus need to appoint one or many external auditors in order to authenticate the results announced in the Annual General Meeting. The competence of the auditor should be in accordance to those stated in Article 155 (1) of the Company Law. A Cyprus registered auditor is required to be appointed in the cases where the company: is required to prepare consolidated accounts; is a Public Limited company, or fails to meet the small company criteria. You can consult one of the following external auditors:
KPMG
, Ernst & Young, PricewaterhouseCoopers, Deloitte.
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Actualitzacions: September 2022

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