Parker Russell Cyprus

Today, we celebrate the mothers who inspire, support and guide us every day at home, in business and throughout our communities.

At Parker Russell Cyprus, we recognise and appreciate the dedication, strength and balance that mothers bring to every role they undertake.

Wishing a very Happy Mother’s Day to all mothers and mother figures. 💐

We’re growing our team at Parker Russell Cyprus.

We are currently hiring for the following positions in Nicosia:
• Tax Officer
• Junior Tax Officer
• Junior Accountant

If you are looking to build your career in a professional, supportive and forward-thinking environment, we would love to hear from you.

🔗 Explore all vacancies and apply via the link in the comments below.

Understanding the Cyprus tax landscape is essential for individuals and businesses operating locally and internationally.

Our latest snapshot provides a clear overview of key rules, tax rates, exemptions and recent updates shaping the Cyprus tax system in 2026.

Whether you are planning, structuring, or simply staying informed, this guide brings together the fundamentals in one place.

👉 Read the full overview via the link in the first comment.

Wishing all our clients, partners and colleagues a Happy Easter.

Please note that our offices will be closed from 10/04 to 14/04. We will resume normal operations on 15/04.

Warm wishes from all of us at Parker Russell Cyprus.

We are pleased to share that Parker Russell Cyprus has successfully retained its ACCA Approved Employer status following the latest monitoring review.

This recognition reflects our continued commitment to high professional standards, structured training and the ongoing development of our people.

Maintaining Gold level Trainee Development status, along with Professional and Practising Certificate Development recognition, reinforces our focus on supporting the next generation of accounting professionals.

🔎 Read more through the link in the first comment below.

Looking to take the next step in your tax career?

Parker Russell Cyprus is hiring a Tax Officer to join our growing team in Nicosia.

A great opportunity to work with local and international clients in a dynamic environment.

*Access the full job description and apply via the link in the comments below.

Starting your career in taxation?

Parker Russell Cyprus is looking for a Junior Tax Officer to join our growing team in Nicosia.

A great opportunity to learn, grow and build your future in a professional environment.

*Access the full job description and apply via the link in the comments below.

Recent announcements by the Cyprus Tax Department introduce important clarifications on income tax return submissions and the payment of Special Defence Contribution (SDC) and GHS.

Key updates include the extension of the 2023 tax return submission deadline, as well as changes to the payment process, now conducted through the Tax Portal.

Businesses and individuals should take note of these developments to ensure timely compliance and avoid unnecessary penalties.

Our team has summarised the key points to help you stay informed.

🔗 Read the full update through the link in the first comment below.

Are you aware of the new tax penalties introduced under the Cyprus 2026 Tax Reform?

The updated legislative framework strengthens enforcement and introduces stricter administrative penalties for non-compliance, including late filings, delayed tax payments and breaches of reporting obligations.

The reform also introduces enhanced enforcement measures, which in certain cases may lead to the suspension of business operations, significant financial penalties and potential director liability.

To help businesses and taxpayers understand the key changes, our team has prepared a concise overview of the main penalties and enforcement measures introduced by the reform.

🔎 Read the full overview through the link in the first comment below.

Cyprus’ tax reform introduces important amendments to Article 33 of the Income Tax Law, significantly updating transfer pricing documentation requirements and the definition of connected persons from 1 January 2026.

With increased Local File thresholds and ongoing arm’s length obligations, businesses should review their transfer pricing position ahead of the new tax year.

🔎 Read our full analysis through the link in the first comment below.