Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation rose to 3.2% in May as pressure builds on the…
The tax authorities in Belgium have announced that the filing deadline for both the qualifying domestic minimum top-up tax and the top-up tax under the…
Incorporating a so-called start-up entity does not necessarily mean that the company operates within the technology sector. Start-ups today are increasingly established as vehicles to…
The latest CYSTAT figures show tourist arrivals for the year 2026 up to April down 27.6% compared to the same period in 2025. The regional…
An efficient audit does not start when the audit team arrives. It starts months earlier, with preparation, planning and clarity over what will be required,…
How world events are flowing into financial statements Geopolitical developments, trade policy shifts and structural changes in energy demand are no longer background noise. Even…
In today’s rapidly evolving business environment, companies face an increasing range of challenges—from financial management to regulatory compliance, competitive pressures, and the need for strategic…
Transfer pricing rules are built around a simple principle: transactions between related parties should be priced as if they were carried out between independent companies.…
We are pleased to bring you Issue 35 of Tax Refresher, our bi-monthly newsletter designed specifically for large corporate and international businesses, which aims to…
For decades, the professional services sector has been one of the defining pillars of the Cypriot economy. Legal, tax, audit, corporate administration, fiduciary and advisory…
Succession planning in Cyprus was always a hot topic, especially in recent years. It was always a critical concern in Cyprus mainly due to the…
Public Country-by-Country Reporting (CbCR) is an EU-led initiative designed to increase tax transparency by requiring multinational enterprise (MNE) groups to publicly disclose key financial and…
The obligation to file a “Public Report on Income Tax Information” by Greek subsidiaries and branches of ultimate parent companies established in third countries was…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The latest Eurozone figures tell a worrying story: modest growth, rising…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The European Central Bank has held the deposit rate at 2%,…
Revenue recognition in non-profit organizations is often underestimated in terms of complexity. In practice, it is one of the areas most frequently challenged during external audits, largely due to the variety…
There is substantial empirical evidence that the global system of trade is fragmenting. The bigger question is how far the fragmentation will spread, and whether…
Running a private hospital is complex by nature, and that complexity inevitably finds its way into the financial statements. For this reason, external audits rarely…
What we care for, we protect. Earth Day is far more than a symbolic occasion. It is a practical opportunity to reassess their environmental impact…
The EU Pay Transparency Directive: What is it and who does it apply to? The Directive mandates that all EU member states implement laws to…
This insight was co written by Tomasz Piasecki and Maisie Williams. Recent developments include the UK Sustainability Reporting Standards (UK SRS) and the PRA’s SS5/25 supervisory expectations on…
The fiduciary services industry in Cyprus has entered a new regulatory and operating environment following the enactment of the long‑anticipated tax reform. The reform, which…
Several countries have either banned, or are moving towards banning, access to certain generally available apps amongst under 16s. This has largely been driven by…
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…
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…
The 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…
Baker 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…
While the immediate threat that a disruption in the Strait of Hormuz poses to the global oil trade is readily apparent, a deeper analysis reveals…
Rakesh 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…
Insight 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…
After years of working alongside healthcare providers and medical groups, one reality stands out, IFRS 9 is rarely as straightforward in practice as it appears…
Notional Interest Deduction Rates 2026
Tax Flash Cyprus Tax Department Extension of Deadline without Penalt
The landscape of cyber security has fundamentally shifted, moving from a niche IT concern to a systemic risk that demands active, long-term leadership from the…
By Anestis Dimopoulos, Director, Head of Digital & Risk Advisory Services, Baker Tilly South East Europe At a time where cyber threats are evolving at…
Since mid-February, the outbreak of foot-and-mouth disease has posed a significant economic challenge to Cyprus’s livestock and agricultural sector, as well as to the broader economy. Following the…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The European Central Bank’s decision to hold the deposit rate at…
On 12 December 2025, EU Member States reached agreement on a major reform of the EU’s customs treatment of e-commerce parcels. From 1 July 2026,…
Baker Tilly South East Europe is sharing the 2025 Energy, Renewables, and Industrials (ENRI) in South-Eastern Europe. This report provides a comprehensive analysis of the…
Global technology, media and telecommunications (TMT) dealmaking is entering a new phase – one defined less by volume and more by conviction. Buyers are no…
Craig McSherry, Partner at MHA, the UK member firm of the global Baker Tilly accountancy and consulting network discusses the key points of the Bank…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Inflation in the Euro Area rose to 1.9% in February, up…
The Supreme Court of the United States (SCOTUS) announced on February 20, 2026, that President Trump does not have authority under the International Emergency Economic…
ATA Carnets are entering a new digital era. With eCarnets being rolled out globally from 2026, businesses need to understand how the move from paper…
Date: Thursday 26th February Time: 11:00am – 12:00pm Due to the recent ruling from the Supreme Court, we would like to invite you to attend…
Further to the recent amendments to the Assessment and Collection of Taxes Law, introduced in the context of the Cyprus tax reform and effective as…
Baker Tilly South East Europe held an official event at the Hotel Grande Bretagne in Athens to celebrate its merger with the UK-based…
According to Climate Action Tracker, under current policies, global warming is projected to fall woefully short of the Paris Agreement threshold of 1.5⁰C above pre-industrial…
Dear Partners, We would like to inform you that e-EFKA Circular No. 5/2026 has been published, providing for an adjustment to the maximum insurable earnings…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation has reached joint-lowest point since April 2021. Disinflationary trend…
Baker Tilly South East Europe Celebrates Merger with MHA and 30 Years of Excellence Baker Tilly South East Europe held an official event in Athens…
Savvas Klitou, Regional Managing Partner and Head of Tax Services at Baker Tilly, analyses the weaknesses exposed by recent crises, the strategic challenges beyond 2025,…
Major Withholding Tax Reductions Effective from 2026 January 2026 Romania and the United Kingdom have entered into force a new Convention for the Elimination…
When the European Green Deal was launched in December 2019, it set the tone for the EU to be a world leader in addressing climate…
On 5 January 2026, the OECD/G20 Inclusive Framework (147 jurisdictions) agreed a way forward on Pillar Two and published the Side-by-Side (SbS) Package. The package…
Inflation across the eurozone eased to 2% in December, edging down from November’s 2.1% pace and landing on the European Central Bank’s long-term target. This…
The Cyprus Tax Reform is here — and it’s reshaping the way businesses plan, invest, and grow. Are you ready to turn change into opportunity?…
For financial reporting periods beginning on or after 1 January 2027, entities must apply the requirements of IFRS 18 “Presentation and Disclosure in Financial Statements”.…
MHA plc is pleased to announce that the firm has entered into an agreement to acquire Moore Stephens LLC, an audit practice, and Moore Stephens…
The European Central Bank’s decision to keep interest rates unchanged at 2% at its final meeting of the year signals a continued commitment to fighting…
Estonia’s Ministry of Finance has said it did not agree (under an OECD Inclusive Framework “silent procedure”) to the proposed Pillar Two side-by-side system package,…
Introduction We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to…
Law no. 239/2025, published in the Official Journal no. 1160/15.12.2025, part of the “Package 2” of fiscal‑budgetary reforms, introduces major changes in taxation, public administration…
Despite global uncertainty and geopolitical shifts, South East Europe’s merger and acquisition (M&A) landscape is shaping up to remain solid, with steady investor appetite and…
Baker Tilly South East Europe is pleased to announce the appointment of Marios Tsiakkis as a Non-Executive Director to the regional Board. Marios brings more…
Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation edged up to 2.2% in November, a slight rise from…
On 4th of June 2025, the European Commission announced that Bulgaria is ready to adopt the euro. The announcement follows the release of the 2025…
Since January 2024, the European Union’s (EU) Emissions Trading System (ETS) has included maritime transport. What does that mean? According to the European Commission, maritime…
What can the EU energy sector do to meet it obligations and aspirations, what role can they play, and how ESG should be at the…
E-invoicing – Why it’s a critical consideration for multi-national businesses E-invoicing is fast approaching implementation in the EU as part of the VIDA (VAT in…
To meet GHG reduction levels, the number of flights globally will need to be significantly reduced. There are a number of implications. Firstly, the more…
Automotive On Thursday 8th May, 2025 the European Parliament adopted a targeted change to CO2 emissions performance standards for new cars and vans. The amendment…
Baker Tilly Cyprus announces the firm’s appointment as the statutory auditor of AstroBank Public Company Limited. This appointment underscores Baker Tilly Cyprus’s commitment to delivering…
Navigating the fast-changing world of e-invoicing regulations just got easier! We’re excited to announce the launch of our interactive E-Invoicing Navigator, designed to provide you…
Baker Tilly South East Europe has announced the completion of its merger with MHA, a firm listed on the London Stock Exchange’s AIM market. The…
MHA has today completed the acquisition of Baker Tilly South-East Europe (BTSEE) in a deal valued at €24 million. MHA which has 23 offices in…
Following recent amendments to the Aliens and Immigration Law, the Cyprus Migration Department has announced that the Blue Card scheme will officially take effect on…
We are proud to announce that Savvas M. Klitou, Regional Managing Partner & Head of Tax Services at Baker Tilly South East Europe, has been…
Under the Corporate Sustainability Reporting Directive (CSRD), listed companies with more than 500 employees are required to report on their ESG impacts, risks, opportunities, policies,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
ABOUT BAKER TILLY Baker Tilly South East Europe is a leading firm of auditors and accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria,…
While the EU’s Omnibus proposal aims to reduce the number of companies within the scope of the Corporate Sustainability Reporting Directive (CSRD) by an estimated…
Baker Tilly South East Europe had the honour of hosting this year’s Europe Conference, which took place in Athens from May 7 to 9. More…
Regional group to join forces with Baker Tilly International UK member firm Baker Tilly South East Europe (BTSEE), a leading professional services firm offering a…
On 10th of April 2025, the House of Representatives passed amendments to the Income Tax Law and the Special Defence Contribution Law, introducing withholding taxes…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Kitchen Cooks. There…
Career Opportunity On behalf of a client, an established organization in Cyprus offering training and development schemes, we invite applications from hard-working and ambitious professionals…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Barmen/Barwomen. There is…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Waiters/Waitresses. There is…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Kitchen cleaners. There…
Career Opportunity On behalf of Solaar Hospitality currently operating Mercure Larnaca Beach hotel and its newest addition Mercure City Hotel, a brand new 4* boutique…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Cleaners for the…
Career Opportunity On behalf of a client, a diversified group of companies, we seek to recruit a Junior Accountant for their offices in Larnaca. Duties…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of Auditors, Accountants, Tax Consultants and Business Advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
ABOUT BAKER TILLY Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly: Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
ABOUT BAKER TILLY Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
ABOUT BAKER TILLY Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania,…
The Economic and Financial Affairs Council (ECOFIN) adopted the proposal ‘VAT in the Digital Age’ last year. These new rules aim to make VAT in…
The Omnibus package was proposed by the European Commission with the aim of simplifying ESG rules and making EU businesses more competitive. The package, if…
On the 26th February, the EU Commission announced its ‘Omnibus’ package, confirming the simplifications to the Carbon Border Adjustment Mechanism (CBAM). The proposal document and…
CHANGES TO THE LEGISLATION On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was…
Many argue that the European Union (EU) is shifting its environmental policy focus from biodiversity protection to prioritizing climate change mitigation. Considering the EU’s use…
“Think due diligence guarantees a risk-free deal? Or that it is simply about crunching numbers? Think again – there is much more at stake.” Due…
Extension-to-the-submission-of-the-Income-Tax-Return-for-2023
On 26th of February 2025, the Economics Research Center of the University of Cyprus, presented its proposal regarding the envisaged tax reform. Explore key proposed…
A double materiality assessment (DMA) is the cornerstone for determining a company’s ESG strategy and it is one of the main requirements of the Corporate…
Baker Tilly Cyprus Tax Guide 2025 At Baker Tilly Cyprus, we understand the importance of staying informed about the ever-evolving tax landscape. Our tax professionals…
We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the…
VAT rules for certain ‘virtual services’ in the EU are about to change. This will affect services such as live-streamed cultural events and paid webcam…
On 5 November 2024, ECOFIN (the European Council on Economic and Financial Affairs) adopted the proposal ‘VAT in the Digital Age’. The new rules are…
ESG encompasses almost all areas of a company’s business: from its operations to its environmental practices and employee policies, to how it is affecting communities…
Corporate Social Reporting Directive On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) has entered into force and is expected to affect approximately 50,000…
Real people, Real stories – A Baker Tilly podcast
With State Gazette № 25 form 22.03.2024 changes concerning the Ordinance on keeping, storing and accessing the Commercial register were adopted. The essential ones concern…
Απο τα πρώτα χρόνια των δραστηριοτήτων της υπό τη διεύθυνση του Μάριου Κλείτου, η επιχείρηση κατάφερε να προσελκύσει στην Κύπρο μεγάλες ελληνικές εταιρείες που είχαν…
Three important EU laws that we should look out for in 2024 Article by: Constantinos Michael, Director – Legal Services , Baker Tilly South East…
Under State Gazette № 27 issued on 29.03.2024 changes relating to remote working location, conditions and procedures for implementation were adopted as follows: Place and nature of work They…
Do you want to work for an employer who really listens to your ideas and provides a framework where you can effect positive change? Do…
On October 3rd, 2023, we were honoured to host our inaugural Baker Tilly Digital Day 2023, at the Athens Marriott hotel. The event gathered industry…