Yes: Fully Claimable
Can I Claim Computers and IT Hardware as a Business Expense in Cyprus?
Yes. Computer hardware qualifies for a wear and tear allowance of 20% a year, straight-line on cost.
Typical claim: 20% of cost a year
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What Tax Department (Τμήμα Φορολογίας), Ministry of Finance says
Computer hardware receives an annual wear and tear allowance of 20%, straight-line on cost. Confirm asset-specific treatment with the Tax Department or a licensed practitioner.
When you can claim
- Laptops and desktop computers
- Servers and networking hardware
- Monitors and peripherals used for work
- 20% a year allowance on cost
When you cannot claim
- Devices bought for private use
- Hardware with no invoice
- Hardware the business does not own
- Costs already claimed through another allowance
Good to know
Pro tip: Record the purchase date and cost on the asset register so the allowance runs from the right point.
Related expenses
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