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
Other Services
Statutory & Internal Audit
Our audit approach, applied by the Audit and Assurance Department, is tailored to clients’ individual circumstances such as the industry sector in which they operate, their size and operations and their legal status.
Financial Due Diligence
Any organisation considering a deal needs to check all the assumptions it is making about that deal.
Business Risk Review
Our Business Risk team can help you obtain a complete picture of the risks you face as you pursue your business objectives.
Corporate Governance
Corporate governance is the system of rules, practices and processes by which a company is directed and controlled.
Management Consulting
Kreston Proios Ltd provides an extensive range of advisory services to help ambitious clients.