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
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...
This is a reminder of the approaching deadline for the Special Defence Contributions (SDC) and General Healthcare System (GHS) contributions on Deemed Dividend Distributions (DDD) for the 2021 tax year that need to be settled by 31 January 2024. Scope of the...
Cyprus Tax Updates: Extension of the deadline for the submission of an objection and for the imposition of additional tax for personal tax assessments issued in 2023
Earlier this month, the Commissioner of Taxation announced an initiative aimed at expediting the processing of personal income tax declarations from 2017 onwards, with the goal of completing all income tax returns submitted up to 2022. In light of a delay in mailing...