Yes: Fully Claimable
Can I Claim Furniture and Fittings as a Business Expense in Cyprus?
Yes. Furniture and fittings receive a wear and tear allowance of 10% a year, straight-line on cost.
Typical claim: 10% of cost a year
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What Tax Department (Τμήμα Φορολογίας), Ministry of Finance says
Furniture and fittings receive an annual wear and tear allowance of 10%, straight-line on cost. Confirm asset-specific treatment with the Tax Department or a licensed practitioner.
When you can claim
- Office desks and chairs
- Shelving and storage
- Fittings in business premises
- 10% a year allowance on cost
When you cannot claim
- Furniture for private use
- Items with no invoice
- Items owned by a landlord
- Items already claimed elsewhere
Good to know
Pro tip: List each item on the asset register with date and cost so the allowance can be calculated per asset.
Related expenses
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