Read our insights

Στην παρουσίαση της Grant Thornton με θέμα "Μετασχηματίζοντας την Τοπική Επιχειρηματικότητα - Ο Δρόμος προς τη Βιώσιμη Ανάπτυξη", παρουσιάστηκαν πρόσφατα παραδείγματα έργων που αναδεικνύουν πώς οι επιχειρήσεις, με ξεκάθαρη στρατηγική, συγκεκριμένο σχέδιο δράσης και δέσμευση της διοίκησης, κατάφεραν να ενισχύσουν το επιχειρησιακό τους πλαίσιο και την ανταγωνιστικότητά τους.

Expanding into new international markets can be challenging due to the many issues to consider and resolve. Our Unlock Cyprus service can provide expert advice and insight to support you every step of the way. From helping you find the best location, to setting up a branch or subsidiary, we are committed to providing pragmatic and timely advice that allows you to focus on achieving your business goals.

In recognition of World Environment Day, we are honoured to share a timely conversation with Professor Manfred A. Lange, a distinguished climate scientist with a particular focus on water and energy security.

On 7th May 2025, the Network for Greening the Financial System (NGFS) released its first set of short-term climate scenarios, covering the period from 2025 to 2030. These scenarios mark a pivotal step in supporting financial institutions and supervisors in evaluating the immediate macro-financial risks posed by both climate transition policies and extreme weather events.

Imagine you are the CEO of a company. It’s Monday morning and today is a big day. You’re about to make a major decision—launching a brand-new product in an untapped market. The stakes are high. Get it right, and your company could capture a whole new customer base. Get it wrong, and you’ll waste months of effort, budget, and credibility.

It’s not a surprise that nowadays the rise of influencers has reshaped the landscape of traditional marketing worldwide, including Cyprus. Influencers, utilise social media platforms – Instagram, Facebook, YouTube, TikTok – to become powerful faces for different brands. However, as the influencer industry continues to grow, so do the complexities surrounding its taxation, particularly Value Added Tax (VAT).

World "Zero Waste Day" serves as a powerful reminder of the critical need to address waste across all sectors. This year's theme, "Towards Zero Waste in Fashion and Textiles," highlights the significant impact of the fashion industry on global waste and the environment. The fashion and textile industry has long been a major contributor to environmental degradation, and as demand for fast fashion continues to grow, it is essential to rethink production, consumption, and disposal practices to reduce waste and promote sustainability. Valued at USD 1.3 trillion and employing over 300 million people globally, the industry is a significant economic force with a substantial environmental footprint.

Imagine arriving at work to find that overnight, your role has fundamentally changed. Your emails are drafted before you even open them, meetings are automatically summarised, and reports that used to take hours are now generated in seconds. The office buzzes with conversations about AI-driven strategies—except you’re struggling to keep up. Would you embrace this shift, or feel left behind?

Our latest Women in Business report reveals the pace towards parity in mid-market firms isn’t moving fast enough.

Imagine a world where accountants work smarter, not harder – where software not only records transactions, but also analyses them, identifying trends and opportunities that might otherwise go unnoticed. Although this may sound like something out of a sci-fi movie, AI is making this vision a reality, transforming traditional processes and paving the way for exciting new innovations.

To be completely honest, I was pretty intimidated when I first heard about Deep Learning. The words deep and learning made it sound like something only super-smart people could understand! But once I got the hang of it, I was totally fascinated by how it works. It's like a machine that thinks and learns just like our brain does - pretty cool, right? So, let's go on a fun journey together to learn all about Deep Learning and how it's going to change our lives in the future, explaining it simply.

Welcome to the 2025 edition of Cyprus Tax Facts. We are delighted to present our updated comprehensive guide, offering essential insights into the latest advancements in tax legislation.

In continuation of our successful survey which took place last year, and in an effort to build on valuable and quality conclusions, we are pleased to announce the relaunch of the “DPO (Data Protection Officer) function” survey. This year, the survey is carried out with the collaboration of 10 other Grant Thornton member firms across Europe.

Machine Learning is, as its name defines it, a machine who learns. The first reference of Machine Learning dates back to 1959 and attributed to artificial intelligence and computer gaming pioneer; Arthur Lee Samuel. 63 years later and “self-teaching computers” (another term for Machine Learning) are revolutionising every industry, from healthcare to finance, marketing, and agriculture.

Generative AI is a type of artificial intelligence that creates new content such as text, images, music, or even ideas. Unlike traditional AI, which follows rules to provide answers, generative AI leverages what it has learned from large datasets and uses it to produce something following a request from a user.

On 25 October 2024, the Cyprus Tax Department (“CTD”) released an announcement informing all taxpayers that the Council of Ministers in their latest meeting decided to extend the date of submission of the Income Tax Return, for persons who have an obligation to submit a SIT for their controlled transactions for 2022 and 2023 as follows: • Income Tax Return 2022: extension until 28 February 2025 • Income Tax Return 2023: extension until 30 November 2025