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
Submission of Individual Income Tax Return for 2023

Submission of Individual Income Tax Return for 2023

The Tax Department announced that the submission of the Individual Income Tax Return 2023 has commenced via the TaxisNet. According to the Minister Council Decree ΚΔΠ 184/20223, the obligation to submit the Individual Income Tax Return for the year 2023 applies to...

Reduction of SDC for passive interest income to 17%

Reduction of SDC for passive interest income to 17%

On 6 December 2023 the Cyprus parliament voted the reduction of the Special Defence Contribution rate from 30% to 17% for passive interest income. As a reminder, interest income acquired from the ordinary activities of the business or closely connected with those...