TAX PLANNING & CONSULTING SERVICES

DIRECT TAX

  • Tax compliance
    • Registration of companies and individuals with tax authorities and TAXISnet
    • Computation of expected tax liability (through the year) and arranging for the temporary tax payments
    • Computation of the expected final tax liability (after the year-end) and arranging for the final tax payment
    • Preparation, certification and submission of companies’ and individuals’ annual tax returns
    • Preparation and submission of Special Contribution for the Defense, Capital Gains and Immovable Property returns
    • Preparation and submission of Capital Statements for Individuals
    • Securing tax clearance certificates from tax authorities
    • Obtaining tax residency certificates
    • Annual review of tax matters identifying issues with potential tax risk with the aim to assure compliance with Income tax, Capital Gains tax, Special Contribution for the Defense, Immovable Property tax, PAYE etc.
  • Tax consulting
    • Review of agreements and transactions to provide advice on tax issues arising (local and international)
    • Review of financial statements and consulting on possible solutions to reduce tax liabilities
    • Planning and consulting for tax optimization
    • Planning and consulting on special situations such as mergers, acquisitions, disposals and reorganizations
    • Consulting on international tax planning opportunities taking into consideration all relevant double tax treaties
  • Tax objections and support during tax audits
    • Examination of assessments issued by the tax authorities
    • Direct liaison with tax authorities in order to gather all necessary facts led to their assessment
    • Evaluation of the findings
    • Support for the preparation of any statements and data requested
    • Preparation and submission of objections
    • Discussion with tax authorities and representation in negotiations

INDIRECT TAX - VAT

  • VAT compliance
    • Registration and deregistration to the Cyprus VAT register
    • Completion and submission of VAT returns
    • Preparation and administration of claims for immediate refunds of VAT
    • Registration and deregistration to VIES and INTRASTAT
    • Completion and submission of VIES and INTRASTAT returns
    • Review of VAT returns and advice on mistakes or omissions
    • VAT review of financial statements advising on possible VAT compliance issues
  • VAT consulting
    • Review of agreements and transactions, and advice on VAT issues arising (local and international)
    • VAT planning
  • VAT objections and support during VAT investigations
    • Examination of assessments issued by the VAT Office
    • Direct liaison with VAT Office in order to gather all necessary facts led to their assessment
    • Evaluation of the findings
    • Preparation and submission of the objection
    • Discussion with VAT Office and representation in negotiations
  • Other VAT issues
    • Preparation and submission of refund claims for VAT on expenses incurred in other EU Member States

"Our highest priorities are to ensure the minimum tax liabilities by examining any possible tax planning opportunities, and assure compliance with all Tax and VAT authorities. "