ServPRO Accountants & Consultants

28/10/2026

Cyprus Tax Update | Additional Time for 2025 Personal Income Tax Returns

The Cyprus Tax Department has announced additional time for eligible individuals to submit their 2025 Personal Income Tax Returns and settle the corresponding tax obligations without interest or monetary charges.

What you need to know:

The statutory filing deadline remains 31 October 2026.

No interest or monetary charges will be imposed if the relevant return is submitted and the corresponding taxes and contributions are paid by 30 November 2026.

The announcement applies to individual income tax returns that do not require the preparation of accounts.

Important: As Cyprus transitions to the new Tax For All (TFA) system, it may no longer be possible, from 1 November 2026, to change a return's status from final submission to temporary receipt.

Taxpayers should carefully review their information before submitting.

At ServPRO, our Tax Team can assist with tax return preparation, submission and related compliance obligations.

For professional assistance, contact our team.

www.servpro.com.cy

16/10/2026

Fifteen years of ServPRO. And so many people to thank.

On 13 October, we came together with our team and close professional associates to celebrate ServPRO's 15th anniversary.

It was a wonderful opportunity to share memories, revisit our beginnings and recognise the people who have helped shape our journey.

Some of our colleagues have been with us for more than a decade, while several client relationships go all the way back to our earliest days. Many others have joined us along the way, contributing their expertise, friendship and support.

One of the most special moments was recognising our long-serving team members and thanking them personally for their dedication and contribution.

To our colleagues, clients, partners and friends, thank you for being part of these fifteen years.

Here are a few moments from our celebration.

The story continues. ❤️

12/10/2026

ServPRO Founder & CEO Represents ICPAC CFO Society at Thessaloniki Business Event

Our Founder & CEO, Petros Theodotou , participated in the “Investment Opportunities Cyprus–Northern Greece” event, held on 5 October in Thessaloniki, representing the Institute of Certified Public Accountants of Cyprus (ICPAC/ΣΕΛΚ) in his capacity as Vice Chairman of its International Business and Foreign Investments Committee.

In his address on behalf of ICPAC, Petros highlighted Cyprus's economic resilience, its improving international credit standing, the ongoing tax reform and the country's strategic advantages as an international business and investment centre.

He also emphasised the opportunities for strengthening economic ties and cross-border investment between Cyprus and Northern Greece.

At ServPRO, we value the active involvement of our leadership in professional and institutional initiatives that promote international cooperation and reinforce Cyprus's position in the global business environment.

08/10/2026

The quality of a business decision depends partly on the financial information behind it.

When records are incomplete, reports arrive late, or balances remain unexplained, management has less reliable information for decisions on spending, hiring, and growth.

ServPRO provides accounting and financial reporting support to help businesses maintain reliable records and a clearer view of their financial position.

Our advisory services can also support reviews of reporting processes, management information, and financial controls as a business’s needs develop.

The starting point is understanding what your team needs to know, when it needs that information and where the current process falls short.

If your business is reviewing its accounting arrangements or needs more useful financial reporting, speak with ServPRO about the scope of support required.

Contact our team:
https://www.servpro.com.cy/contact

06/10/2026

Business decisions rarely sit within one professional discipline.

Establishing operations, expanding into a new market, or reviewing a company structure can raise accounting, tax, corporate, and governance questions together.

ServPRO Accountants & Consultants brings these disciplines together to support businesses and private clients in Cyprus and internationally.

Our services span audit and assurance, tax, accounting and financial reporting, payroll, corporate and legal services, fiduciary work, and business advisory.

Our approach combines technical expertise with practical business understanding and direct partner involvement. We take the time to understand the circumstances, identify the relevant issues, and coordinate the support required.

Whether you are establishing a business or reviewing the needs of an existing operation, we welcome a conversation about your priorities.

Explore our services and contact our team:
https://www.servpro.com.cy/

28/09/2026

⚠️ UBO Register: the 2026 annual confirmation period opens on 1 October.

If your company or partnership falls within the requirements, the information recorded in the Beneficial Ownership Register must be confirmed by 31 December 2026.

Failure to complete the annual confirmation can result in administrative fines of up to €5,000.

Our Corporate & Legal Team can review your existing information, arrange any necessary updates and complete the annual confirmation on your behalf.

Tomorrow, our newsletter will be out with all the details you need to know for the 2026 UBO Register annual confirmation.

Who needs to act, what needs to be checked, the key deadlines and what happens if the confirmation is missed.

Find out more on our website, where you can subscribe to our newsletter so you do not miss any important information.

https://www.servpro.com.cy/news

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ServPRO Accountants & Consultants
Global Expertise. Personal Connection.

News

18/09/2026

European pay transparency requirements are also changing the level of information employers need around remuneration.

For businesses, good data matters.
Are roles clearly defined?
Are salary structures documented?
Are bonuses and benefits recorded consistently?
Do payroll and HR records agree?
Can differences in remuneration be properly explained?

Accurate payroll information supports better decisions as well as stronger compliance.

16/09/2026

How dependent is your business on its biggest customer?

A company can be growing while becoming more financially exposed.
Look at:
How much revenue comes from your largest customer?
And from your five largest?
How profitable are those accounts?
How quickly do they pay?
When do their contracts renew?
What happens to cash flow if one reduces its business?
Major customers can be extremely valuable.
The dependency still needs to be understood and managed.

14/09/2026

Social Insurance deadline extended to 31 October 2026.

Cyprus Social Insurance Services has extended the application period for the current arrears repayment arrangement.

Eligible employers and self employed individuals now have until 31 October 2026 to apply.
Qualifying overdue contributions may be repaid in up to 54 equal monthly instalments.

Earlier repayment can reduce the additional charge, while payment in full removes the additional charge imposed on the eligible contributions.

The arrangement covers qualifying arrears up to February 2026 for employers and Q4 2025 for self employed individuals.
The extension gives businesses more time to review their position and take action.

For payroll and Social Insurance support, contact the ServPRO Accountants & Consultants team.

11/09/2026

In 2026, ServPRO celebrates 15 years.

ServPRO was founded in Cyprus in 2011.

Today, our track record includes more than 500 clients supported worldwide across a multidisciplinary range of professional services.

Fifteen years brings many memories.

Clients who have trusted us for years.

Businesses we have watched develop.

Colleagues who became part of the ServPRO story.

Deadlines that required long days.

Complex matters that taught us something new.

And relationships built through years of working together.

Professional services have changed enormously since 2011.

Our responsibility has not.

Be accurate.

Be clear.

Do the work properly.

Take responsibility.

Thank you to every client, colleague, partner and friend who has been part of these 15 years.

There is much more ahead.

ServPRO | 2011–2026



13 September 2026

LINKEDIN

Cyprus employers and self employed individuals: 14 September is the deadline for applications under the current Social Insurance arrears arrangement.

Applications must be submitted electronically by 14 September 2026.

Under the arrangement, eligible overdue contributions can be settled in up to 54 equal monthly instalments.

Those choosing to repay earlier can benefit from a corresponding reduction in the additional charge, which may reach up to 27%.

Where the eligible amount is paid in full, the additional charge imposed on those contributions is waived.

For employers and self employed individuals with outstanding Social Insurance obligations, this is a deadline that should not be left until the last moment.

ServPRO supports businesses with payroll, Social Insurance and related compliance matters.



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Reminder: Social Insurance arrears applications close tomorrow.

Eligible Cyprus employers and self employed individuals have until 14 September 2026 to apply for the current repayment arrangement.

Eligible overdue contributions may be repaid in up to 54 equal monthly instalments.

Earlier repayment can reduce the additional charge, while payment in full removes the additional charge imposed on the eligible contributions.

If the arrangement may apply to you or your business, review the position before the deadline.

For payroll and Social Insurance support, contact the ServPRO team.



15 September 2026

LINKEDIN

A growing customer can also become a growing financial dependency.

Consider a business growing strongly while one customer gradually comes to represent 40% of its revenue.

The headline numbers may look excellent.

The risk profile has changed.

Management should know:

• What percentage of revenue comes from the five largest customers
• Gross margin by major account
• Outstanding receivables
• Payment behaviour
• Contract renewal dates
• Cost of servicing each significant account
• The financial impact if one customer reduces activity

Customer concentration is not automatically a weakness.

Many successful businesses grow initially around a small number of important clients.

The problem begins when the dependency is neither measured nor managed.

It is also something lenders, investors and potential buyers are likely to examine closely.

Management should understand the exposure before somebody outside the business asks about it.



FACEBOOK

How much of your business depends on your biggest customer?

A company can be growing and becoming more exposed at exactly the same time.

Look at the numbers.

How much revenue comes from your largest customer?

And your five largest?

How profitable are those accounts?

How quickly do they pay?

When do the contracts renew?

What happens to cash flow if one of them reduces its business?

Major customers can be extremely valuable.

The dependency still needs to be understood and managed.