Corporate Tax in Cyprus
Cyprus corporate income tax is charged at 15% on worldwide income of Cyprus tax-resident companies, following the 1 January 2026 increase from the historical 12.5% rate to align with OECD Pillar Two global minimum tax rules. The effective tax burden is often significantly lower via participation exemption, IP Box, Notional Interest Deduction, and other specialist reliefs. Compliance combines the annual TD4 return, provisional tax payments, and correct claim of available reliefs. Every Cyprus accountant handles corporate tax as a core service.
The Cyprus corporate tax regime
Cyprus imposes corporate income tax at 15% on the worldwide income of Cyprus tax-resident companies (residency based on management and control in Cyprus). Non-resident companies are taxed only on Cyprus-source income. The 15% rate applied from 1 January 2026, replacing the historical 12.5% rate that Cyprus had maintained since 2003, in line with the OECD Pillar Two global minimum tax reform. Certain qualifying income streams enjoy full or partial exemption, notably foreign dividends and capital gains from qualifying participations, and IP Box qualifying income (effective rate approximately 3%).
Because virtually every Cyprus accountant handles corporate tax as core work, choosing based on general "corporate tax" services is less useful than assessing specific specialist needs — see our international tax planning and tax compliance pages.
Key reliefs and exemptions
Participation exemption: dividends from foreign subsidiaries are exempt from Cyprus corporate tax provided the underlying activity is not passive and foreign tax is not "significantly lower" than Cyprus. Capital gains: generally not taxed except on Cyprus real estate (20%). NID: notional interest deduction on new equity (~6-7% currently). IP Box: 80% deduction on qualifying IP income (~3% effective rate from 2026; was 2.5% pre-2026). Group loss relief: losses can be surrendered between Cyprus group companies (75% common shareholding).
Firms specialising in Corporate Tax
11 firmsMulti-practitioner firms with documented practice in Corporate Tax, ranked by claim status, listing completeness, and client rating.
P. Constantinou is a certified public accounting and audit firm based in Limassol, Cyprus. They offer a full range of professional services including audit, tax, corporate services, and business advisory. The firm is a member of The Financial Group International and leverages an international network of associates.
A&C Christofi Ltd is a Cyprus-based firm of Certified Chartered Accountants and Registered Auditors, providing accounting, audit, tax, payroll, business advisory, and other professional services to SMEs and individuals. With over 17 years of experience, they emphasize human-centered advisory and technology-enabled efficiency.
M.T. Michaelides Co Ltd is a Cyprus-based firm of chartered certified accountants offering audit, accounting, tax, and business advisory services. It is a member of INTEGRA International since 2004, providing international reach.
Joannides + Co Ltd is a leading Cypriot firm of accountants and management consultants with over 45 years of experience. They provide audit, tax, business support, fund administration, and management consulting to international companies and private clients. The firm has offices in Nicosia, Limassol, and Larnaca and is a member of AGN International.
Anthimos Leonidou & Partners Ltd is an independent firm based in Limassol, Cyprus, established in 1987. It provides a wide range of financial services including accounting, audit, taxation, and consulting to individuals and corporate clients locally and internationally. The firm has 45 professionals and is a member of ICPAC and ACCA.
Reanda Cyprus is a professional services firm offering corporate, accounting, and international tax services. They help clients navigate the complexities of international business with services including audit, tax, corporate finance, immigration, and compliance. They are part of the Reanda International network, originally founded by a top-tier Chinese firm in 1993.
PEK Ltd is a Cyprus-based professional services firm offering auditing, taxation, bookkeeping, corporate services, consulting, shipping, and yacht registration. The firm emphasizes quality and client trust, with a specialized team operating in an internationally oriented environment.
Baker Tilly South East Europe provides assurance, tax, advisory, and specialist consulting services across Cyprus, Greece, Bulgaria, Romania, and Moldova. The firm emphasizes a people-first approach and aims to help clients grow by anticipating future challenges. It is a member of Baker Tilly International.
AGBS Group is a boutique professional services firm in Cyprus with over 40 years of experience. It offers audit, accounting, taxation, VAT, corporate services, business consultancy, and fiduciary services to local and international clients across various industries.
PKF Cyprus is one of the largest accounting firms in Cyprus, operating from offices in Limassol and Nicosia with over 100 staff. They offer audit, taxation, business solutions, and corporate finance services, specializing in structuring multinational companies and serving a diverse range of industries. The firm is a member of the PKF International network and holds quality-checked accreditation from ICPAC and ACCA.
UHY Antonis Kassapis Ltd is the Cyprus member firm of UHY International, based in Nicosia. Established in 1991, it provides audit, tax, accounting, corporate and fiduciary, and management consultancy services to local and international clients.
Independent specialists
112Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Larnaca
Certified Public Accountant · Limassol
Certified Public Accountant · Famagusta
Certified Public Accountant · Limassol
Certified Public Accountant · Nicosia
Certified Public Accountant · Larnaca
Certified Public Accountant · Larnaca
Certified Public Accountant · Larnaca
Certified Public Accountant · Nicosia
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Larnaca
Certified Public Accountant · Paphos
Certified Public Accountant · Famagusta
Certified Public Accountant · Paphos
Certified Public Accountant · Limassol
Certified Public Accountant · Nicosia
Certified Public Accountant · Limassol
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Limassol
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Larnaca
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Larnaca
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Larnaca
Certified Public Accountant · Paphos
Certified Public Accountant · Nicosia
Certified Public Accountant · Larnaca
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
Certified Public Accountant · Nicosia
🎯 Firms are ranked by claim status, listing completeness, and client ratings. Firms that have claimed their listing and provided detailed information rank higher. Claim your firm's listing →
Where these firms are located
12 areasFirms offering Corporate Tax maintain offices in these areas. Click through to see all accountants in that area.
Frequently asked questions
Is Cyprus corporate tax still 12.5%?
No — Cyprus corporate income tax rose from 12.5% to 15% with effect from 1 January 2026, aligning Cyprus with OECD Pillar Two global minimum tax rules. The 12.5% rate had applied since 2003. Effective rates can still be significantly lower through participation exemption, IP Box (~3% effective), NID, and other reliefs. Complex structures should be planned with specialist tax advice.
Do all accountants handle corporate tax?
Yes, corporate income tax return preparation is a standard service across ICPAC-registered Cyprus firms. For complex situations (international structures, IP Box, TP), specialist tax advice from firms with dedicated international tax teams is more appropriate.