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Corporate Tax in Nicosia

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.

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✓ Updated 2026-08-27

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

16 firms

Multi-practitioner firms with documented practice in Corporate Tax, ranked by claim status, listing completeness, and client rating.

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.

★★★★★ 5.0 (7)
📍NIKODEMOU MYLONA 7 STROVOLOS, 2035, NICOSIA

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.

AGN International Ltd ★★★★★ 5.0 (1)
📍AGIOU PROKOPIOU 13 EGKOMI, 2406, NICOSIA
5 practitioners at AGN International
Alexis Joannides Certified Public Accountant
Andri Antoniou Certified Public Accountant
Chrysostomos Stephanou Certified Public Accountant
Kyprianos Protopapas Certified Public Accountant
See all 5 practitioners

Demetriou & Associates Business Advisers Ltd (dba) is a dynamic firm of professional accountants and business advisers based in Nicosia, Cyprus. Established in 2017 by a team with over 30 years of experience, the firm offers audit, assurance, taxation, accounting, advisory, and business setup services. They are a member of DFK International, a global association of independent accounting firms.

DFK International
📍SALAMINOS 1 ayios antonios, Nicosia, 1045, NICOSIA
9 practitioners at Demetriou & Associates
Christos Demetriou Certified Public Accountant
Demetrios Kouzalis Certified Public Accountant
Demetrios Panteli Demetriou Certified Public Accountant
Demetris Andreou Certified Public Accountant
See all 9 practitioners

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.

INTEGRA International ★★★★★ 5.0 (1)
📍CORNER DIGENIS AKRITAS & KIPRANOROS 36, 1061, NICOSIA

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.

Reanda International
📍ARCHANGELOS AVENUE 48 ENGOMI, 2404, NICOSIA
4 practitioners at Reanda Cyprus
Adonis Theocharides Certified Public Accountant
Antranic Keremidjian Certified Public Accountant
Araik Markarian Certified Public Accountant
Nareg Tavitian Certified Public Accountant

CYAUSE Audit Services Ltd, established in 2011, is a Cyprus-based professional services firm offering audit, tax, accounting, company formation, licensing, and advisory services. With offices in Limassol, Nicosia, and Abu Dhabi, and membership in BKR International, the firm serves international and local clients across diverse industries, including high net worth individuals, investment firms, and trading companies.

BKR International
📍THEMISTOKLI DERVI 41, 1065, NICOSIA
3 practitioners at BKR International
Kyriaki Theocharous Certified Public Accountant
Kyriakos Tramountanellis Certified Public Accountant
Loucas H' Vasiliou Certified Public Accountant

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.

UHY International
📍KENNEDY AVENUE 89, 1077, NICOSIA
3 practitioners at UHY International
Antonis Charalambous Certified Public Accountant
Diane L Clague-Stassis Certified Public Accountant
Iosif Kasapis Certified Public Accountant

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.

Grant Thornton International
📍AGIOU NICOLAOU 41 - 49 ENGOMI, 2408, NICOSIA
8 practitioners at Grant Thornton
Demetra Yipsiotou Certified Public Accountant
Dimitrios Chioureas Certified Public Accountant
Froso Yiangoullis Certified Public Accountant
George Karavis Certified Public Accountant
See all 8 practitioners

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.

📍DEMOSTHENI SEVERI 17 AGIOI OMOLOGITES, 1082, NICOSIA
2 practitioners at PEK Ltd
Andreas Efthivoulou Certified Public Accountant
Kyriacos Koutsoftas Certified Public Accountant

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.

Baker Tilly International
📍CORNER C. HATZOPOULOU & GRIVA DIGENI AVENUE 30 NICOSIA, 1066, NICOSIA
7 practitioners at Baker Tilly Cyprus
Andreas Pittakas Certified Public Accountant
Angelo Achilleos Certified Public Accountant
Chrysovalanto Savva Certified Public Accountant
See all 7 practitioners

P. Kalopetrides & Co is a Cyprus-based professional services firm offering business consulting, tax, assurance, accounting, and advisory services. They serve onshore and offshore clients with a focus on family businesses and startups. The firm has offices in Nicosia, Limassol, and Paphos.

📍2 Christodoulou Sozou Str, 1096 Lefkosia, Lefkosia

Kreston Proios Ltd is a leading independent accountancy firm in Cyprus, established in 1965. It offers audit, taxation, advisory, and management consulting services to local and international clients. The firm is a member of the Kreston global network and is an ACCA Approved Employer.

Kreston International Limited
📍P.O.BOX 28530 2 KASTOROS NICOSIA, 2080, NICOSIA
2 practitioners at Kreston International
Christina Charalambous Certified Public Accountant
Nicholas Michael Certified Public Accountant

One of the leading professional firms in the service sector in Cyprus, G. Josephakis Audit Ltd offers audit and assurance, taxation, business advisory, accounting, company formation, and training services. Their mission is to provide high-standard professional services to help clients succeed.

📍DEINOKRATOUS STR. 2, 2233, NICOSIA
2 practitioners at G. Josephakis & Co
George Iosifakis Certified Public Accountant

HLB Cyprus is a chartered accounting and advisory firm, originally established in 1997 and now among the largest in Cyprus. It provides audit, tax, advisory, corporate compliance, payroll, and cyber security services to a diverse, multinational clientele. The firm is a member of HLB International, a global network of independent accounting firms.

HLB International
📍PRODROMOU & ZINONOS KITIEOS 2 STROVOLOS, 2064, NICOSIA
2 practitioners at HLB International
Kyriacos Kyriacou Certified Public Accountant
Marios Felix Hadjihannas Certified Public Accountant

Morison Patsalides Limited is a Cyprus-based firm of chartered accountants founded in 1990. They offer audit, accounting, tax, international business, consulting, and corporate finance services. The firm is a member of the Morison Global international network and prides itself on a personal approach to client needs.

Morison Global
📍ATHALASSAS AVENUE 95, 2082, NICOSIA
2 practitioners at Morison Global
Loukia Patsalidou Certified Public Accountant
Nicholas Patsalides Certified Public Accountant

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.

📍P.O.Box 25366, 1309 Lefkosia, Lefkosia

Independent specialists

182

🎯 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.

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