Tax Flash I Cyprus Extends 2025 Personal Income Tax Return Filing Deadline for Individuals Not Required to Prepare Audited Financial Statements
Tax Alert- June 17
Tax Authorities Clarify Pillar Two GIR Central Filing
The tax authorities have issued guidance on compliance obligations under the Global Minimum Tax framework, as implemented through Law 151(I)/2024, covering multinational and large domestic groups for financial years beginning between 31 December 2023 and 31 December 2024. The tax authorities confirm that a Group of Multinational Enterprises (MNEs) that falls within the scope of…
Amendments to the Income Tax law and Special Defence Contribution law
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 on payments of royalties, dividends and interest, made to a company which is tax resident in a country included in the EU blacklist or to a company incorporated in any…
Succession planning Cyprus
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 island’s strong culture of family-owned businesses and closely held corporate structures. As we transitioned into the next phase, the implementation process became both increasingly engaging and more challenging. The traditional…
Strategic Safeguards and Risk Mitigation: The 2026 Supervisory Agenda for International Banks
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 of England/Prudential Regulation Authority supervision priorities for International Banks in 2026: The PRA’s 2026 priorities for international banks and investment firms are designed to ensure safety and soundness amidst an…
Strait of Hormuz: The Epicenter of Global Oil Uncertainty
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 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…
Shaping Tomorrow: Baker Tilly Europe Conference Successfully Held in Athens
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 than 150 senior and emerging leaders from the firm’s global network participated in this dynamic three-day event, themed “Leading Change, Creating Value”, highlighting change as a driving force for innovation,…
Senior Consultant – Transaction Advisory Department (Nicosia Office)
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, Moldova and Greece. Country offices are independent member firms of Baker Tilly International; one of the top 10 largest networks in the sector. We are committed to delivering exceptional professional…