CYPRUS SERVICES

Establish Financial Order in the TRNC, Ensure Tax Compliance

Manage your financial processes in Northern Cyprus smoothly with remote access accounting panels, low tax rates, and full regulatory compliance; leave the reporting burden to us and focus on your business.

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WHAT YOU WILL GAIN

Advantages of Accounting Services in the TRNC

10% Compliance with Corporate Tax

Income-expense records are kept thoroughly; your declarations are made in accordance with the TRNC tax calendar, and legislative changes are monitored in real-time to minimize risk.

10% Compliance with Corporate Tax

Income-expense records are kept thoroughly; your declarations are made in accordance with the TRNC tax calendar, and legislative changes are monitored in real-time to minimize risk.

Free Zone VAT & Customs Exemption Tracking

Exempt transactions are monitored separately, your profit transfers are protected from withholding risk; export documents are automatically verified, significantly speeding up the process.

Free Zone VAT & Customs Exemption Tracking

Exempt transactions are monitored separately, your profit transfers are protected from withholding risk; export documents are automatically verified, significantly speeding up the process.

Digital Notebook & E-Invoice Integration

Invoices, receipts, and bank transactions are processed automatically with the cloud-based system and can be easily viewed on the real-time report panel.

Digital Notebook & E-Invoice Integration

Invoices, receipts, and bank transactions are processed automatically with the cloud-based system and can be easily viewed on the real-time report panel.

Multiple Currency Reporting

USD-EUR-TL transactions on a single screen; daily exchange rate differences are automatically accounted for, making your financial analyses effortless.

Multiple Currency Reporting

USD-EUR-TL transactions on a single screen; daily exchange rate differences are automatically accounted for, making your financial analyses effortless.

Tax Compliance & Reporting

According to the taxation system of the TRNC, monthly provisional taxes and the annual corporate tax declaration are prepared digitally; a tax advantage of %0-1 is maintained in the free port and potential penalties are completely avoided.

Digital Accounting & E-Invoice Infrastructure

Thanks to e-invoice integration, a paperless process is established; bank statements are automatically reflected in the ledger via API, and income-expense analytics are reported in real-time.

Payroll & SGK Transactions

Our payroll management package accurately calculates the social security and provident fund deductions for the TRNC and reports employee payrolls monthly; year-end personnel cost reports are automatically generated.

SERVICE PROCESS

Accounting Process in the TRNC

1. Onboarding & Portal Setup

Company data is imported in detail, your custom cloud accounting portal is customized, and user access is defined based on roles, making it immediately available for use.

1. Onboarding & Portal Setup

Company data is imported in detail, your custom cloud accounting portal is customized, and user access is defined based on roles, making it immediately available for use.

1. Onboarding & Portal Setup

Company data is imported in detail, your custom cloud accounting portal is customized, and user access is defined based on roles, making it immediately available for use.

2. Document Digitization

Invoices, contracts, and bank statements are scanned in high resolution, converted to text using OCR, and archived in an indexed format in the system.

2. Document Digitization

Invoices, contracts, and bank statements are scanned in high resolution, converted to text using OCR, and archived in an indexed format in the system.

2. Document Digitization

Invoices, contracts, and bank statements are scanned in high resolution, converted to text using OCR, and archived in an indexed format in the system.

3. Monthly Saving & Reconciliation

Revenue-expense, currency exchange difference, and VAT exemptions are recorded; real-time cross-checking with bank transactions ensures the creation of accurate, up-to-date financial statements.

3. Monthly Saving & Reconciliation

Revenue-expense, currency exchange difference, and VAT exemptions are recorded; real-time cross-checking with bank transactions ensures the creation of accurate, up-to-date financial statements.

3. Monthly Saving & Reconciliation

Revenue-expense, currency exchange difference, and VAT exemptions are recorded; real-time cross-checking with bank transactions ensures the creation of accurate, up-to-date financial statements.

4. Tax Declaration & Notifications

Temporary tax, withholding, and payroll declarations are uploaded to the official portal; payment instructions are planned and approved on time to ensure compliance.

4. Tax Declaration & Notifications

Temporary tax, withholding, and payroll declarations are uploaded to the official portal; payment instructions are planned and approved on time to ensure compliance.

4. Tax Declaration & Notifications

Temporary tax, withholding, and payroll declarations are uploaded to the official portal; payment instructions are planned and approved on time to ensure compliance.

5. Annual Closing & Financial Report

The year-end book is approved, the financial statements are prepared according to IFRS standards; a comprehensive internal control checklist is fully completed before the audit.

5. Annual Closing & Financial Report

The year-end book is approved, the financial statements are prepared according to IFRS standards; a comprehensive internal control checklist is fully completed before the audit.

5. Annual Closing & Financial Report

The year-end book is approved, the financial statements are prepared according to IFRS standards; a comprehensive internal control checklist is fully completed before the audit.

ACCOUNTING IN THE TRNC