Best Tax Lawyers in Cyprus

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Darivas Law Firm & Partners
Nicosia, Cyprus

Founded in 2007
14 people in their team
Greek
English
Konstantinos Darivas & Associates | Trusted Law Firm in Athens, GreeceAt Konstantinos Darivas & Associates, we are a dynamic Athens-based law firm offering high-level legal services across a wide range of practice areas. With decades of experience and a strong reputation in civil, criminal,...
Elias Neocleous & Co. LLC
Nicosia, Cyprus

Founded in 2017
120 people in their team
English
Greek
Russian
We are the largest law firm in Cyprus by a considerable margin and are generally recognised as  leading law firm in the Southeast Europe. We have more than 140 fee-earners operating out of three offices in Cyprus and an international network of offices in the main destinations for investment...
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Founded in 1981
40 people in their team
English
Chrysostomides is one of Cyprus's most established law firms, offering comprehensive legal services across a broad spectrum of practice areas. With decades of proven experience, the firm is known for its deep expertise in corporate law, banking and finance, dispute resolution, and commercial...
Limassol, Cyprus

Founded in 1966
English
C.P. Erotocritou & Co LLC, established in 1966 by Mr. Costas Erotocritou, is a prominent law firm in Cyprus with offices in Limassol and Nicosia. The firm offers a comprehensive range of legal services, including company formation, shipping law, energy, corporate and commercial law, banking and...

Founded in 2017
English
Christofinis - Mouzouridou & Co. LLC, located in the heart of Limassol, Cyprus, is a well-established law firm offering comprehensive legal services to both domestic and international clients. The firm's experienced attorneys specialize in a wide array of practice areas, including Civil and...
Oxford Tax Solutions
Limassol, Cyprus

English
Oxford Tax Solutions, based in Cyprus, is recognized for its in-depth expertise in providing tailored business-to-business solutions across a range of professional services. The firm's team of experienced consultants delivers comprehensive accounting, tax advisory, and corporate management support...
Andreas Danos Law Firm
Limassol, Cyprus

Founded in 1968
6 people in their team
English
Greek
Russian
The Andreas Danos legal agency - Cyprus Lawyers is a dynamic law firm based in Cyprus, offering a range of legal services such as contract law, corporate law, family law, immigration law, intellectual property law, etc.Our dedicated team of lawyers take pride on the extensive and expanding client...
Constantinou Legal
Limassol, Cyprus

English
Constantinou Legal, based in Cyprus, offers comprehensive legal services with a focus on corporate law. The firm's team of experienced attorneys provides expert guidance on corporate governance, mergers and acquisitions, and regulatory compliance, ensuring clients receive tailored solutions that...

Founded in 2019
English
Afxentis Zemenides Financial Services Ltd, operating as A. Zemenides & Co., is a boutique firm based in Limassol, Cyprus, specializing in financial consultancy. The firm offers a comprehensive suite of services, including audit, tax advisory, fiduciary services, and business consulting, tailored to...
NICOLAS EROTOCRITOU & CO LLC
Limassol, Cyprus

Founded in 2020
English
NICOLAS EROTOCRITOU & CO LLC, founded in 2020, is a distinguished law firm based in Limassol, Cyprus. The firm offers tailored solutions for forming, maintaining, and administering Cyprus legal entities and international corporate structures. Specializing in corporate law, tax planning, and...
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About Tax Law in Cyprus:

Cyprus has a complex and evolving tax system that includes income tax, corporate tax, value-added tax (VAT), and more. Understanding and complying with these regulations can be challenging, which is why seeking legal advice in the field of tax in Cyprus is often necessary.

Why You May Need a Lawyer:

You may need a lawyer for tax-related issues in Cyprus if you are facing challenges with your tax payments, are unsure about the tax implications of a business decision, are being audited by the tax authorities, or need assistance in planning your tax strategy to minimize liabilities legally.

Local Laws Overview:

Some key aspects of local laws in Cyprus that are crucial for tax purposes include the rates of income tax for individuals and corporations, the taxation of dividends and interest, the rules around VAT registration and compliance, and the various tax incentives available for businesses operating in Cyprus.

Frequently Asked Questions:

1. What are the current income tax rates in Cyprus?

The current income tax rates in Cyprus range from 0% to 35% for individuals, depending on their income level. For corporations, the corporate tax rate is 12.5%.

2. When do I need to register for VAT in Cyprus?

You must register for VAT in Cyprus if your annual turnover exceeds €15,600.

3. Can I appeal a tax assessment in Cyprus?

Yes, you can appeal a tax assessment in Cyprus within 60 days from the date of the assessment.

4. Are there any tax incentives for businesses in Cyprus?

Yes, Cyprus offers various tax incentives for businesses, including the Notional Interest Deduction (NID) and the Intellectual Property (IP) regime.

5. How can I reduce my tax liabilities in Cyprus?

You can reduce your tax liabilities in Cyprus through proper tax planning, utilizing tax incentives, and ensuring compliance with all tax regulations.

6. What are the penalties for non-compliance with tax laws in Cyprus?

Penalties for non-compliance with tax laws in Cyprus include fines, interest on overdue taxes, and potential legal action by the tax authorities.

7. Can a lawyer help me with tax planning in Cyprus?

Yes, a lawyer specializing in tax law can assist you with tax planning to ensure compliance with regulations and minimize your tax liabilities legally.

8. What is the tax treatment of foreign income in Cyprus?

Foreign income in Cyprus is generally subject to tax if it is derived from Cyprus or if the individual or entity is a tax resident of Cyprus.

9. How long do I need to keep tax records in Cyprus?

You are required to keep tax records in Cyprus for at least six years from the end of the tax year to which they relate.

10. Can I represent myself in tax court in Cyprus?

While you can represent yourself in tax court in Cyprus, it is advisable to seek legal representation to ensure a favorable outcome.

Additional Resources:

For more information on tax law in Cyprus, you can refer to the Cyprus Tax Department website (https://www.mof.gov.cy/tax), or consult with a qualified tax lawyer or accountant specializing in Cyprus tax regulations.

Next Steps:

If you require legal assistance in the field of tax in Cyprus, it is advisable to contact a reputable law firm with experience in tax law. A lawyer can provide personalized advice tailored to your specific situation and help navigate the complexities of Cyprus tax regulations.

Lawzana helps you find the best lawyers and law firms in Cyprus through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Tax, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Cyprus - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.