Taxation

In today’s fast-changing global economy environment, businesses and individuals need proactive thinking and effective planning in order to cope with complex tax issues and implications inherent in every business transaction.

Our tax specialists in the Tax Department can assist clients with meeting compliance requirements as well as with optimising their tax liability and identifying tax saving opportunities.

More specifically our Tax Department can provide advice and assistance in the following areas:

  • Personal Taxation
  • Corporate Taxation
  • International Tax Planning and Structuring
  • VAT and Other Indirect Taxation

International Tax Planning and Structuring

The globalization of the world's economy has made effective tax planning a crucial factor for the success of all business endeavors. Through our network of tax specialists we can help businesses expand in new territories and through effective tax planning minimize their tax burden.

Cyprus is an established international financial centre with the most favourable tax regime in the European Union and with a large number of double tax treaties. Our specialists tax advisors assist clients to take full advantage of the opportunities offered for effective international tax planning using Cyprus and other jurisdictions.

Cyprus tax legislation is extremely favourable towards setting up holding companies of group structures by applying a zero tax regime. Similarly, companies involved in equity stock investment are tax exempt.

International trusts and collective investment schemes are some of the vehicles used for efficient tax planning. More information is readily available from our tax department.

 

Personal Taxation

The Firm’s tax department assists individuals with any personal taxation issue such as tax planning and compliance, trust planning, investment planning, pension and life insurance, etc.
 

Corporate Taxation

  • Preparation and filing of tax returns
  • Negotiation with the Inland Revenue
  • Appeals against tax assessments raised by the Inland Revenue
  • Payment of temporary/provisional taxes

In addition, our tax department provides tax planning services such as advice on structuring operations, mergers and acquisitions, disposals, listings on Stock Exchange, etc.

VAT and Other Indirect Taxation

Our tax specialists assist clients with VAT compliance obligations and provide services in relation to VAT reviews thus assisting in early identification of problem areas. They also advise clients on international transactions involving VAT.

Services in this field include:

  • Preparation and filing of tax returns
  • Negotiation with the Inland Revenue
  • Appeals against tax assessments raised by the Inland Revenue
  • Payment of temporary/provisional taxes