GENERAL INFORMATION ON TAX MATTERS FOR COMPANIES REGISTERED IN CYPRUS
Maintenance of accounting books and records
All Cyprus registered companies base Companies Law Cap.113 in Cyprus are obliged to prepare accounting records and audited financial statements every year which then they will keep in their records for a period of six years. The normal calendar year in Cyprus starts on 1st of January and ends on 31st of December every year. A company can prepare its first audited financial statements since its incorporation covering a period up to 18 months. Companies are obliged every 31 December to submit to the Commissioner of the Registrar of companies their financial statements of the previous year.