Based on the applicable laws, every incorporated company at the Republic of Cyprus is obligated to submit its annual tax return to the Tax Department which must be based in accordance with its audited financial statements. These must be prepared by licensed auditors eligible to perform statutory audits. Audit/accountancy licenses are granted, monitored and regulated under the Companies Law and the assigned Regulated Bodies.
Our firm undertakes the following:
- Statutory audit for companies registered in Cyprus;
- Preparation of stand alone financial statements in accordance with International Financial Reporting Standards (IFRS's);
- Preparation of consolidated financial statements in accordance with International Financial Reporting Standards (IFRS's);