Corporate Tax in Limassol
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
10 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.
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.
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.
K.P. Masterchart Ltd is a Cyprus-based professional services firm offering audit, accounting, tax, and consultancy services. They specialize in International Business Companies (IBC) and have a team of qualified accountants. Their client portfolio spans various industries including trading, shipping, and finance.
Founded in 1992, P & P Advisory Services Ltd is a Cyprus-based firm offering accounting, audit, tax planning, corporate services, and consulting. As a member of INPACT International, they combine local expertise with global reach to serve a diverse range of industries.
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.
Andersen Business Audit Services Limited is a Cyprus-based audit firm providing audit & assurance, taxation, accounting, consultancy, and other corporate services. The firm is committed to helping businesses reach their true potential through long-term relationships and high-quality service.
Grant Thornton Cyprus is a professional services firm offering assurance, tax, risk advisory, and business setup services. They recently launched EU AI Act & ISO 42001 GRC services and achieved ISO 27001 certification. The firm is part of the Grant Thornton International network.
Independent specialists
166Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
🎯 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 →
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.