Bookkeeping software Cyprus: bank feeds, receipts and euros
Finn keeps the books of a Cypriot company in euros. Bank statements come in as CSV or PDF, or through the Mercury, Wise, Stripe and Revolut connections, and Finn categorises every line using what it knows about your business. Receipts and supplier invoices can be sent by WhatsApp, email, Telegram or Slack, and Finn reads each one, posts the supplier, date, amount and VAT, and matches it to the bank line.
Finn knows the Cypriot deductibility rules, including these two. Business entertainment is deductible only up to 1% of gross revenue, capped at €17,086 a year, and private saloon cars and their loan interest are not deductible. It flags these as it categorises, so the tax computation does not start with a clean-up.
15 OctThe VIES statement, September lands on 15 Oct. Finn has the figures ready from the ledger two weeks before, with the source beside each box.
VAT return software Cyprus: rates, quarterly returns and VIES
Cyprus VAT is 19% as the standard rate, with reduced rates of 9% and 5%, and a zero rate for exports, intra-EU supplies and international transport. Registration is compulsory when taxable turnover exceeds €15,600 in the preceding 12 months. Finn prepares the VAT position for each period from your books and shows the workings.
Returns (form TD 1004) are quarterly and filed through the Tax For All portal. Payment is due by the 10th day of the second month after the quarter ends, so the quarter ending 31 March is payable by 10 May. That is not an end-of-month date and Finn does not treat it as one. VIES statements for intra-EU supplies are monthly by the 15th. You file and pay.
Tax Department compliant accounting: corporate tax at 15%
Corporate income tax is 15% from 1 January 2026, up from 12.5%, which applies only to tax years up to 2025. Losses can be carried forward for 7 years, extended from 5. The return (TD4) is electronic and due 15 months after year-end, so 31 March of the second following year. The final self-assessment payment is due earlier, on 1 August of the following year.
Provisional tax is paid in two equal instalments on 31 July and 31 December of the current year, and you can revise the estimate until 31 December. An estimate below 75% of the final taxable income attracts a 10% surcharge on the shortfall, so Finn prompts a review before the December instalment. Dividends to resident and domiciled individuals carry 5% SDC, and non-doms pay none.
The deemed dividend distribution regime is abolished for profits earned from 2026. It still applies to undistributed 2024 and 2025 profits until 31 December 2027, so Finn keeps those profits visible when you plan distributions. Finn prepares the figures for the TD4, and you or your accountant review and submit the return through Tax For All.
Payroll, Social Insurance and GESY contributions
For 2026, social insurance is 8.8% for the employer and 8.8% for the employee on insurable earnings capped at €5,742 a month. GESY, the national health contribution, is 2.90% for the employer and 2.65% for the employee. Employers also pay the Redundancy Fund at 1.2%, the Industrial Training Fund at 0.5% and the Social Cohesion Fund at 2.0%, which has no cap.
PAYE, social insurance and GESY are due by the end of the month after the payroll month. New hires must be declared through ERGANI at least one working day before they start, and Finn flags this whenever you mention hiring. Finn tracks the dates and estimates employer cost. You run the payroll and make the payments.
DRCIP annual return software: HE32 and company forms
The default form is the private limited company, with one to 50 members and no minimum share capital, and its company number carries the HE prefix. A public company needs at least €25,629 of capital. Partnerships and overseas branches register with the Department of Registrar of Companies and Intellectual Property (DRCIP), and so does a sole trader's business name.
Every company files an annual return (HE32) within 28 days of its annual-return date, with the financial statements attached. The fee is €20, and a late filing costs €50 plus €1 a day, capped at €150. The old €350 annual company levy was abolished from 2024, so do not pay it for 2024 onwards. Finn tracks the date and you file.
Sole traders and the self-employed: TIC, GESY and audited accounts
A self-employed person pays social insurance at 16.6% and GESY at 4.0%, and social insurance is paid quarterly. Above €70,000 of turnover, audited financial statements are needed and the return is filed by 31 March, 15 months after year-end. Finn keeps turnover in your books so you can see that threshold coming, and your accountant can prepare the audit from clean records.
From 2026, every Cyprus tax resident aged 25 to 70 must file a personal return, whatever their income. Personal tax bands run from 0% up to €22,000 to 35% above €72,000. Your Tax Identification Code (TIC) is eight digits plus a check letter, and your VAT number is the TIC with a CY prefix. Finn keeps these on file for you.
QuickBooks alternative Cyprus: switching to Finn
If your books are in QuickBooks or Xero, you can move to AccountsOS without starting again. Export your chart of accounts, contacts, invoices and transactions as CSV files and upload them, and Finn maps the columns itself, whatever shape your export takes. You review the result, and your history is in one place from day one.
Nothing locks you in. Keep your Tax For All access and your DRCIP details as they are, because filing still happens in those portals. Finn takes over the bookkeeping, the VAT workings and the deadline tracking, and you or your accountant make the submissions. If you are unsure what to bring across, start with your chart of accounts and the last twelve months of transactions.