Yes: Fully Claimable
Can I Claim Accountant, Legal and Professional Fees as a Business Expense in Cyprus?
Yes, fees for accountants, lawyers and other advisers are generally business costs when they relate to the company's trading.
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What Tax Department (Τμήμα Φορολογίας), Ministry of Finance says
Finn's Cyprus rules do not hold a specific schedule for professional fees. Costs incurred wholly for the business are generally deductible. Confirm edge cases with the Tax Department or a licensed practitioner.
When you can claim
- Accountant fees for bookkeeping and filings
- Legal fees for contracts and company matters
- Registrar of Companies fees for filings
- Advice on tax planning for the business
When you cannot claim
- Personal advice for the owners
- Fees with no invoice
- Penalties charged by an authority
- Costs that relate to private assets
Good to know
Pro tip: Ask advisers to invoice the company, with the company name and TIC on the invoice.
Related expenses
Stop guessing what you can claim in Cyprus
AccountsOS automatically categorises expenses with Tax Department (Τμήμα Φορολογίας), Ministry of Finance-aware rules and tells you exactly what is claimable.
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