Personal and corporate tax returns, deduction planning and forward-looking tax strategy for Cyprus residents and companies. We tailor this service to property developers and construction companies, who face specific issues such as project cost tracking, vat recovery and reverse charge, off-plan sale revenue recognition. We work alongside the Cyprus Tax Department, Department of Lands and Surveys, Technical Chamber of Cyprus (ETEK) so your filings are accurate and on time.
What's included
- Personal income tax returns (TD1)
- Corporate tax returns (TD4) and provisional tax
- Non-dom and 50% / 20% new-resident exemption reviews
- VAT registration and quarterly VAT returns
- Year-round tax planning meetings
Why property developers and construction companies choose us
- Specialist support with project cost tracking
- Specialist support with vat recovery and reverse charge
- Specialist support with off-plan sale revenue recognition
- Specialist support with bank and investor reporting
- Specialist support with contractor payments and withholding
Challenges you face, solutions we provide
Challenge: Project cost tracking
Our solution: Per-project cost centres with monthly cost-to-complete and margin reporting
Challenge: VAT recovery and reverse charge
Our solution: Reverse-charge VAT applied to every subcontractor invoice so penalties are avoided
Challenge: Off-plan sale revenue recognition
Our solution: IFRS 15 revenue recognition reviewed contract by contract and aligned with tax
Challenge: Bank and investor reporting
Our solution: Lender and investor reporting packs prepared accurately, every quarter
Challenge: Contractor payments and withholding
Our solution: Subcontractor vetting, retention accounting and Social Insurance compliance handled
Frequently asked questions
- Do you offer tax planning & preparation for property developers and construction companies?
- Yes. Tsquared delivers tax planning & preparation specifically for property developers and construction companies across Cyprus, on a clear fixed-fee basis.
- When is the Cyprus personal tax return due?
- Employees' returns are normally due by 31 July of the following year, and self-employed returns with audited accounts later. Deadlines are sometimes extended by the Tax Department, so we confirm each year.
- Can you help with the non-domicile status?
- Yes. We assess eligibility, prepare the application and make sure your dividend and interest income is treated correctly.
Related guides
← All Property Developers resources · Tax Planning & Preparation overview