Your accountant prepares and files every tax return your company is required to submit. You do not need to know the deadlines, fill in forms or visit the Tax Department.

Each month, your company may need to report how much tax it has deducted from payments to employees, shareholders or landlords. Your accountant prepares and submits these reports automatically.

Once a year, your accountant works out how much profit your company made and how much tax it owes. They prepare the tax return and file it with the Tax Department.

Cyprus companies must pay an estimate of their tax bill in advance, twice a year (by 30 June and 31 December). Your accountant calculates these amounts and submits them for you. If your actual profit turns out to be different, the final tax return sorts out the difference.

When your company distributes profits to shareholders, there is a contribution to the defence fund that must be deducted and paid to the government. Your accountant handles the calculation, deduction and filing.

If your company earns income from renting out property, there is a defence fund contribution on that income. Your accountant calculates it and files the return.

If your company earns interest (for example, from a bank deposit), there is a defence fund contribution on that too. Your accountant takes care of it.

If you are a director or shareholder, you need to file a personal income tax return each year. Your accountant prepares and files this for you as part of your Concierge subscription.

Keep your documents in cybooks and let your accountant know about any unusual transactions (for example, selling a property or receiving a large payment from abroad). They handle the rest.