The Registrar of Companies in Cyprus has introduced new penalties for the late submission of the Company’s Annual Return (HE32), effective from the 18 December 2019. All Cyprus companies are required by law to file their Annual Return with the…
Our offices will be closed for summer holidays between 12-16/08 inclusive.
There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…
Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…