Accounting for construction companies in Cyprus
Construction has its own accounting pressures in Cyprus — the VAT reverse charge on construction services, job-by-job costing, subcontractor and labour payroll, retentions and work-in-progress. We give you project-level visibility and keep VAT, payroll and corporate tax (15%) compliant on every contract.
What we take off your plate
VAT reverse charge
Construction services between taxable persons fall under the reverse charge — we apply it correctly so neither party gets it wrong.
Job & project costing
Management accounts by project, so you see margin and overruns while you can still act.
Subcontractor & site payroll
Payroll, Social Insurance and GHS for site staff, plus correct treatment of subcontractors.
WIP & retentions
Work-in-progress and retention accounting handled to IFRS for clean year-ends and audits.
The services that fit
Accounting & Bookkeeping
Accurate, ICPAC-aligned bookkeeping and management accounts that keep your Cyprus company compliant and decision-ready.
Learn moreVAT Services
Cyprus VAT registration, returns, VIES and OSS — handled accurately and on time so you avoid penalties.
Learn morePayroll & Social Insurance
Fully managed Cyprus payroll: PAYE, Social Insurance, GHS, payslips and Emoluments returns, every month.
Learn moreFrequently asked questions
For construction services supplied between VAT-registered persons, the recipient self-accounts for the VAT (charging and, where entitled, reclaiming it) rather than the supplier charging it. Applying it correctly is a common error point we manage.
The standard 19% generally applies, though a reduced 5% can apply to qualifying primary residences under strict conditions. The correct rate depends on the property and use.
Most Cyprus companies need a statutory audit (or an ISRE 2400 review for the smallest, under the turnover/asset thresholds), delivered via ICPAC-licensed auditors. We coordinate it end to end.
Ready to get your numbers in order?
Book a free, no-obligation consultation. We'll review where you stand and show you exactly how we can help your business or personal finances in Cyprus.
No fees. No obligation. Speak with a qualified professional today.