The construction sector in Cyprus is navigating a rapidly evolving tax and VAT landscape in 2026. The Cyprus tax reform introduced certain key legislative changes that came into effect on 1 January 2026. Furthermore, even though VAT was not part of the tax reform, significant VAT changes are also being implemented. As a result, property…
DetailsTax Alert- April
Digital transformation has become a defining force in the software development industry. While software companies have always operated in the digital space, today’s transformation goes far beyond simply adopting new tools. It represents a fundamental shift in how software is designed, developed, delivered, and continuously improved. Organizations are rethinking processes, culture, architecture, and customer engagement…
DetailsThe tax authorities have announced that the filing deadline for both the qualifying domestic minimum top-up tax and the top-up tax under the income inclusion rule (IIR) has been extended. Qualifying Domestic Minimum Top-Up Tax The filing deadline for reporting years that start on 31 December 2023 or later, and reporting years ending on 1…
DetailsBaker Tilly International has announced record global revenues of US$6.8bn for the year ended 31 December 2025, up 21.3% on the previous year. This market-leading growth continues a journey of consistent expansion for the global accounting and advisory network, which has grown by nearly 70% in the last five years despite significant volatility in international…
DetailsWhile the immediate threat that a disruption in the Strait of Hormuz poses to the global oil trade is readily apparent, a deeper analysis reveals that the ramifications extend far beyond energy markets and permeate the broader economic landscape. Modern industrial output is fundamentally dependent on consistent and affordable energy inputs. Manufacturing facilities and processing…
DetailsRakesh Shaunak, CEO at MHA comments on the audit industry’s next big test – AI-enhanced deception in an article originally published in City AM. The audit industry has been under the microscope over the past few years following a number of high-profile corporate collapses, prompting stricter measures to restore public trust. And with the rise of…
DetailsInsight written by Ben Hobby, Principal, Brian Nichols, Principal, Bernard Regan, Principal and Christopher J. Tait, Principal From Baker Tilly US Small and mid-sized businesses (SMBs) are the backbone of every economy, yet they remain dangerously exposed to cyber risk. Many SMBs lack the budget, infrastructure and in-house expertise to implement strong defenses, leaving them…
DetailsAfter years of working alongside healthcare providers and medical groups, one reality stands out, IFRS 9 is rarely as straightforward in practice as it appears in theory. What is often viewed as a standard credit risk exercise quickly becomes more complex once it is applied to the day-to-day dynamics of the healthcare sector. Unlike many…
Details
