RSM Cyprus Ltd

Could your business answer tax questions with confidence if they arrived tomorrow?

What many middle-market organisations in Cyprus discover too late is that a tax review is often already underway before they see it coming. And that's exactly when the gap shows up. Those who prepared throughout the year respond smoothly, while others rush to explain positions they should have documented long ago.

Tax authorities now rely more heavily on data, transparency, and cross-border information than ever before. So readiness isn't something you save for year-end. It's a habit you build every day.

In his latest article, Iacovos Themistocleous, Tax Director at RSM Cyprus, shares how organisations can build tax resilience before questions arise:

◾️Why data-driven reviews change what 'being prepared' really means.
◾️The records that turn a stressful review into a simple one.
◾️How to keep related-party transactions clear and defensible.
◾️The everyday habits that quietly strengthen your position.

The organisations that respond with confidence to tomorrow are the ones investing in strong documentation, robust governance, and proactive compliance today.

So, how ready is your business to answer with confidence?

Read the full article in the comments section. 👇

Every success story begins with commitment, perseverance, and the courage to keep moving forward.

Celebrating academic excellence and future talent, RSM Cyprus proudly presented the RSM Award of Excellence to Angeliki Kilili during the UCLan Cyprus Graduation Ceremony. 🏆

Presented by Iacovos Themistocleous, Tax Director at RSM Cyprus, the award recognises Angeliki's outstanding performance in the Cyprus Taxation Module of the BA (Hons) Accounting and Finance programme for the academic year 2025-2026, where she achieved a first-class mark.

At RSM Cyprus, supporting the next generation is an important part of how we invest in future professionals, recognising talent and encouraging students as they take their first steps towards their careers.

👏 Congratulations, Angeliki, on this well-deserved recognition. We wish you every success in the exciting journey ahead.

Thinking about a career in assurance, tax, or consulting? Discover how we support the next generation of professionals: https://bit.ly/RSM_Way_Of_Thinking

Every business challenge can be viewed through different professional lenses. In 𝐓𝐡𝐞 𝐑𝐒𝐌 𝐄𝐱𝐩𝐞𝐫𝐭'𝐬 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞, we ask our specialists to share their views on today's business questions.

For this edition, we asked Iacovos Themistocleous, Tax Director at RSM Cyprus, for his insights on the question:

🎤 𝑾𝒉𝒂𝒕 𝒊𝒔 𝒐𝒏𝒆 𝒄𝒉𝒂𝒏𝒈𝒆 𝒕𝒉𝒂𝒕 𝒘𝒐𝒖𝒍𝒅 𝒊𝒎𝒑𝒓𝒐𝒗𝒆 𝒅𝒆𝒄𝒊𝒔𝒊𝒐𝒏-𝒎𝒂𝒌𝒊𝒏𝒈 𝒊𝒏 𝒂𝒏 𝒐𝒓𝒈𝒂𝒏𝒊𝒔𝒂𝒕𝒊𝒐𝒏 𝒇𝒓𝒐𝒎 𝒂 𝒕𝒂𝒙 𝒑𝒆𝒓𝒔𝒑𝒆𝒄𝒕𝒊𝒗𝒆?

💬 "𝑇ℎ𝑒 𝑠𝑖𝑛𝑔𝑙𝑒 𝑏𝑖𝑔𝑔𝑒𝑠𝑡 𝑖𝑚𝑝𝑟𝑜𝑣𝑒𝑚𝑒𝑛𝑡 𝑤𝑜𝑢𝑙𝑑 𝑏𝑒 𝑡𝑜 𝑢𝑛𝑑𝑒𝑟𝑠𝑡𝑎𝑛𝑑 𝑡ℎ𝑒 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙 𝑎𝑛𝑑 𝑡𝑎𝑥 𝑐𝑜𝑛𝑠𝑒𝑞𝑢𝑒𝑛𝑐𝑒𝑠 𝑏𝑒𝑓𝑜𝑟𝑒 𝑚𝑎𝑘𝑖𝑛𝑔 𝑎 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛, 𝑛𝑜𝑡 𝑎𝑓𝑡𝑒𝑟. 𝐼'𝑣𝑒 𝑠𝑒𝑒𝑛 𝑡𝑜𝑜 𝑚𝑎𝑛𝑦 𝑔𝑜𝑜𝑑 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛𝑠 𝑙𝑜𝑠𝑒 𝑡ℎ𝑒𝑖𝑟 𝑠ℎ𝑖𝑛𝑒 𝑏𝑒𝑐𝑎𝑢𝑠𝑒 𝑡𝑎𝑥 𝑐𝑎𝑚𝑒 𝑖𝑛𝑡𝑜 𝑡ℎ𝑒 𝑐𝑜𝑛𝑣𝑒𝑟𝑠𝑎𝑡𝑖𝑜𝑛 𝑡𝑜𝑜 𝑙𝑎𝑡𝑒. 𝑆𝑡𝑟𝑜𝑛𝑔𝑒𝑟 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛𝑠 𝑎𝑟𝑒 𝑚𝑎𝑑𝑒 𝑤ℎ𝑒𝑛 𝑡𝑎𝑥 𝑖𝑚𝑝𝑙𝑖𝑐𝑎𝑡𝑖𝑜𝑛𝑠 𝑎𝑟𝑒 𝑐𝑜𝑛𝑠𝑖𝑑𝑒𝑟𝑒𝑑 𝑡𝑜𝑔𝑒𝑡ℎ𝑒𝑟 𝑤𝑖𝑡ℎ 𝑐𝑜𝑚𝑚𝑒𝑟𝑐𝑖𝑎𝑙 𝑜𝑏𝑗𝑒𝑐𝑡𝑖𝑣𝑒𝑠.

𝐶𝑜𝑛𝑠𝑡𝑎𝑛𝑡 𝑟𝑒𝑔𝑢𝑙𝑎𝑡𝑜𝑟𝑦 𝑐ℎ𝑎𝑛𝑔𝑒𝑠, 𝑔𝑟𝑜𝑤𝑖𝑛𝑔 𝑟𝑒𝑝𝑜𝑟𝑡𝑖𝑛𝑔 𝑜𝑏𝑙𝑖𝑔𝑎𝑡𝑖𝑜𝑛𝑠, 𝑎𝑛𝑑 𝑐𝑙𝑜𝑠𝑒𝑟 𝑠𝑐𝑟𝑢𝑡𝑖𝑛𝑦 𝑓𝑟𝑜𝑚 𝑡𝑎𝑥 𝑎𝑢𝑡ℎ𝑜𝑟𝑖𝑡𝑖𝑒𝑠 𝑚𝑒𝑎𝑛 𝑡ℎ𝑎𝑡 𝑎 𝑙𝑎𝑡𝑒 𝑖𝑚𝑝𝑙𝑒𝑚𝑒𝑛𝑡𝑎𝑡𝑖𝑜𝑛 𝑚𝑎𝑦 𝑛𝑜𝑤 𝑐𝑜𝑠𝑡 𝑚𝑜𝑟𝑒 𝑡ℎ𝑎𝑛 𝑒𝑣𝑒𝑟.

𝑇ℎ𝑒 𝑜𝑟𝑔𝑎𝑛𝑖𝑠𝑎𝑡𝑖𝑜𝑛𝑠 𝑡ℎ𝑎𝑡 𝑟𝑒𝑐𝑜𝑔𝑛𝑖𝑠𝑒 𝑡ℎ𝑖𝑠, 𝑏𝑟𝑖𝑛𝑔 𝑡𝑎𝑥 𝑖𝑛𝑡𝑜 𝑡ℎ𝑒 𝑐𝑜𝑛𝑣𝑒𝑟𝑠𝑎𝑡𝑖𝑜𝑛 𝑎𝑡 𝑎𝑛 𝑒𝑎𝑟𝑙𝑦 𝑠𝑡𝑎𝑔𝑒. 𝑇ℎ𝑒𝑦 𝑏𝑟𝑖𝑛𝑔 𝑡𝑜𝑔𝑒𝑡ℎ𝑒𝑟 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠, 𝑓𝑖𝑛𝑎𝑛𝑐𝑖𝑎𝑙, 𝑎𝑛𝑑 𝑡𝑎𝑥 𝑝𝑒𝑟𝑠𝑝𝑒𝑐𝑡𝑖𝑣𝑒𝑠 𝑒𝑎𝑟𝑙𝑦 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑜𝑐𝑒𝑠𝑠, 𝑎𝑙𝑙𝑜𝑤𝑖𝑛𝑔 𝑡ℎ𝑒𝑚 𝑡𝑜 𝑖𝑑𝑒𝑛𝑡𝑖𝑓𝑦 𝑜𝑝𝑝𝑜𝑟𝑡𝑢𝑛𝑖𝑡𝑖𝑒𝑠, 𝑢𝑛𝑑𝑒𝑟𝑠𝑡𝑎𝑛𝑑 𝑜𝑏𝑙𝑖𝑔𝑎𝑡𝑖𝑜𝑛𝑠, 𝑎𝑛𝑑 𝑜𝑣𝑒𝑟𝑠𝑒𝑒 𝑝𝑜𝑡𝑒𝑛𝑡𝑖𝑎𝑙 𝑟𝑖𝑠𝑘𝑠 𝑏𝑒𝑓𝑜𝑟𝑒 𝑡ℎ𝑒𝑦 𝑚𝑎𝑡𝑒𝑟𝑖𝑎𝑙𝑖𝑠𝑒.

𝐺𝑜𝑜𝑑 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛-𝑚𝑎𝑘𝑖𝑛𝑔 𝑖𝑠 𝑛𝑜𝑡 𝑎𝑏𝑜𝑢𝑡 ℎ𝑎𝑣𝑖𝑛𝑔 𝑚𝑜𝑟𝑒 𝑖𝑛𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑜𝑛. 𝐼𝑡 𝑖𝑠 𝑎𝑏𝑜𝑢𝑡 ℎ𝑎𝑣𝑖𝑛𝑔 𝑡ℎ𝑒 𝑟𝑖𝑔ℎ𝑡 𝑝𝑒𝑟𝑠𝑝𝑒𝑐𝑡𝑖𝑣𝑒𝑠 𝑎𝑟𝑜𝑢𝑛𝑑 𝑡ℎ𝑒 𝑡𝑎𝑏𝑙𝑒 𝑤ℎ𝑒𝑛 𝑑𝑒𝑐𝑖𝑠𝑖𝑜𝑛𝑠 𝑎𝑟𝑒 𝑏𝑒𝑖𝑛𝑔 𝑚𝑎𝑑𝑒."

Stay tuned for more insights as we explore today's business questions through the eyes of specialists across our organisation.

Behind every top mark is a student who refused to settle for average.

Congratulations to Stefanos Vasileiou, who achieved first place in his first year of the BSc in Finance and Accounting (2025–2026) at the Cyprus University of Technology / Τεχνολογικό Πανεπιστήμιο Κύπρου.

Stefanos received the RSM Award of Excellence 🏆, presented by Andreas Tsangaris, Audit Director at RSM Cyprus, in recognition of his outstanding academic performance, at the Student Award Ceremony held in mid-June at the Tassos Papadopoulos building, organised by the university.

His result reflects qualities we value in every future professional: curiosity to learn, discipline to keep going, and drive to raise the bar. ✨

This is exactly the kind of talent that will help drive our profession forward.

When we recognise students like Stefanos, we do more than celebrate a moment. We invest in the people who will shape the future of our profession and support their first steps into the business world.

Well done👏, Stefanos. This is only the beginning, and we look forward to seeing where your ambition takes you.

Thinking about starting your career in assurance, tax, or consulting? Discover how we support the next generation of professionals: https://bit.ly/RSM_Way_Of_Thinking

𝐎𝐮𝐫 𝐋𝐢𝐦𝐚𝐬𝐬𝐨𝐥 𝐨𝐟𝐟𝐢𝐜𝐞 𝐦𝐨𝐯𝐞𝐝 𝐭𝐨 𝐚 𝐧𝐞𝐰 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧, 𝐚𝐬 𝐰𝐞 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐧𝐝 𝐞𝐯𝐨𝐥𝐯𝐞.

We are excited to welcome our clients, associates and people to our new office in Limassol, a space designed to strengthen collaboration, inspire new ideas and support our continued growth.

📍 𝟔𝟕 𝐀𝐠𝐢𝐚𝐬 𝐙𝐨𝐧𝐢𝐬 𝐬𝐭𝐫., 𝟐𝐧𝐝 𝐟𝐥𝐨𝐨𝐫, 𝟑𝟎𝟗𝟎 𝐋𝐢𝐦𝐚𝐬𝐬𝐨𝐥, 𝐂𝐲𝐩𝐫𝐮𝐬

We look forward to welcoming you soon.

Every Dad shows up in different ways. Through guidance, through consistency, and through the small actions that often go unnoticed.

Over time, these moments come together to shape something meaningful.

Different roles. One steady presence.

Happy Father's Day from all of us at RSM Cyprus.

Small actions, shared, …create real change. At RSM Cyprus, we partnered once again with Αντικαρκινικός Σύνδεσμος Κύπρου / The Cyprus Anticancer Society to support their work through our second-hand collection initiative.

It's a simple idea with a genuine purpose: supporting those who need it most and giving everyday clothing and household items a second life ♻️.

What made it truly special was our people. From donating items to organising collections and supporting deliveries, everyone found their own way to contribute.

Together, these small steps add up to meaningful support for our community. 🌍

Thank you to everyone who took part and helped turn a simple idea into something that truly matters.

Many businesses still think about taxes at year-end. But the real value comes when it supports better decisions throughout the year. 📊
If tax planning only starts at the end of the year, important opportunities may already have been missed. Used early, it can support growth, improve visibility, and make planning easier.

A proactive approach can help businesses manage cash flow, plan expansion more effectively, and move forward with more confidence. 🚀

Reactive tax protects you.
Strategic tax moves you forward.

When tax is part of business strategy, it becomes more than a compliance task. It becomes a tool for better planning and stronger decisions. 💡

Learn how RSM can help you plan with purpose: https://bit.ly/RSM_TaxPlanning