tax

Direct Taxation Services

Compliance with local and international tax laws and regulations is essential for any business. Dynamic tax environments due to rapid changes in tax laws together with the rapid digitalization of revenue authorities can give rise to uncertainty and challenge. Our thorough knowledge combined with many years of practical experience in tax matters allows us to assist you in any tax-related issue to address the tax risks of your business.

Our Direct Tax services include:

  • Tax compliance for companies and individuals
  • Tax due diligence
  • Tax aspects of mergers and acquisitions
  • Tax optimization
  • Tax opinions
  • Tax rulings
  • Cross-border taxation
  • Transfer pricing

Indirect Taxation Services

The VAT treatment on transactions especially for companies within the European Union is becoming more complex. Our VAT consultants are here to assist you with any VAT-related issues to avoid exposures, penalties and charges.

 Our VAT services include:

  • Registration companies for VAT in Cyprus and other EU-countries
  • Maintenance of VAT records
  • Preparation and submission of VAT returns
  • VIES & Intrastat compliance
  • VAT advisory and consulting on the regulations, obligations and VAT investigations
New income tax exemptions to attract foreign talent

New income tax exemptions to attract foreign talent

Cyprus has introduced new rules for income tax exemptions on employment income to attract foreign talent. Income Tax Law (Amendment) (No. 6) of 2022 was published in the official Gazette on 26 July 2022 amending Articles 8 par 21 (the “Specific Exemption”) and Article...