Taxation
Kreston Proios’ Ltd tax advisors can assist international and local corporate entities and private individuals to identify and develop tax strategies which aim to minimise their tax liabilities and also assist them to minimise their tax exposure to the increased reporting obligations, tax investigation policies and penalties imposed in recent years by the tax authorities.
Cyprus tax system environment, its competitive corporate tax of 12,5% and the extensive network of double tax treaties have contributed to rank the island as a serious EU tax jurisdiction for both outbound and inbound investments, where non EU companies are seeking to expand their operations into the EU and more often when EU companies are seeking to expand their operations outside the EU.
The most popular international tax structures which are used in Cyprus are holding structures, group financing structures, royalty holding entities, trading entities and securities trading entities.
Individual and Corporate tax planning
Assist in the tax compliance and filing of the tax returns to the authorities.
Assist in the preparation of provisional tax returns
Assist individuals/corporations to determine their personal/company’s tax liabilities
Represent clients before the tax authorities
International Tax planning
Determine cross border tax consequences
Implement tax efficient structures
Assist in the tax compliance and filing of the tax returns to the authorities
Assist in the preparation of provisional tax returns
Assist in the preparation of tax computations
Represent clients before the tax authorities
Assist to obtain tax rulings from the tax authorities
VAT
Determine VAT treatment
Assist in registration to VAT, Intrastat and VIES systems
Assist to prepare and submit VAT, VIES and Intrastat returns
Assist the VAT compliance and filing of returns to the authorities
Review of VAT reporting procedures
Represent clients before the VAT authorities
Tax Facts
