Tax Compliance & Advisory
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Tax Strategy, Not Tax Reaction.
Tax is not just a filing obligation.
We support businesses, entrepreneurs and private clients with integrated tax strategy and full-scope compliance in Cyprus, always through an international lens. Our approach aligns tax outcomes with governance, operational substance and cross-border flows, ensuring positions are technically robust, commercially sustainable and properly documented.
From corporate structuring and VAT to transfer pricing and personal tax planning, we deliver clarity, defensibility and timely execution, because sustainable tax positions are designed, not improvised.
Corporate tax
- Corporate tax compliance and ongoing advisory with practical, well-grounded positions aligned to your business model and risk profile.
- Preparation and submission of corporate income tax returns and supporting schedules, including reconciliations from accounting to tax, and documentation readiness.
- Group structuring and reorganisation planning (local and cross-border), including mergers, group relief considerations, restructurings, and post-restructure compliance.
- Profit repatriation and cross-border payments: advice on dividends, interest, royalties, management fees and service arrangements, including withholding tax and treaty angles where relevant.
Corporate tax
- Capital structure planning (equity vs debt), including deductibility considerations, financing flows, and sustainable positioning.
- Support for tax rulings/positions where appropriate: preparing the technical basis, coordinating submissions, and ensuring supporting facts and documentation are consistent.
- Tax audits, objections and negotiations: structured support during enquiries, responses to information requests, settlement discussions and follow-through actions.
- Transaction support for acquisitions/disposals: tax input on SPA terms, completion accounts/adjustments considerations, pre-sale clean-up, and post-deal integration items.
- Tax calendar & deadline management: proactive tracking of filing/payment dates and deliverables to avoid penalties.
International tax & cross-border structuring
- Structuring for international operations with treaty, substance and operational realities in mind.
- Managing cross-border tax risks including tax residency, governance, and evidence - minutes, contracts, decision-making trails, and supporting documentation discipline, in coordination with tax advisors in other jurisdictions.
- Permanent establishment and operational footprint topics: assessing where activities are performed, dependent agent risk, and practical steps to reduce unintended exposure (case-by-case).
- Cross-border flows and intercompany arrangements: aligning contracts, pricing, and invoicing with the commercial model and the transfer pricing requirements, where relevant.
- Coordination with legal and fiduciary teams to ensure structure, contracts, directors’ responsibilities, and governance documentation are consistent and implementable.
Indirect tax (VAT / VIES)
- VAT planning and transaction structuring (local / EU / non-EU), including analysis of place of supply, correct VAT rate/treatment, and invoicing requirements.
- VAT and VIES registrations and set-up guidance, including practical process and timeline support.
- OSS (One Stop Shop) registration and implementation support, including eligibility assessment, registration procedure, reporting scope, and ongoing compliance requirements.
- VAT return preparation and periodic filings (including VIES and OSS where applicable), with reconciliation to accounting records and consistency checks.
- VAT recovery optimisation: improving reclaim rates and supporting evidence, plus process controls to prevent leakage and errors.
- Process design and controls: practical workflows for invoicing, credit notes, imports/exports, and document retention to withstand review.
- Support during VAT investigations: preparation of responses, document packs, and communication with the authorities.
- VAT training for client teams: short, practical sessions focused on “what to do / what to avoid” in day-to-day operations.
Transfer Pricing
- TP policy design and implementation aligned to the arm’s-length principle and the way the group actually operates.
- Documentation support (SIT / Simplified report / Local File / Master File where applicable), including mapping of transactions, benchmarking, and narrative support.
- TP studies and documentation for tangible goods transactions, intra-group services, financing, IP-related arrangements and other intercompany flows.
- Preparation and submission of the Summary Information Table (SIT), including data collection, consistency checks with TP documentation, and coordination with statutory deadlines.
- Process and record-keeping setup: practical templates and routines to keep transactions consistently documented throughout the year.
- Dispute prevention and resolution support: preparing positions, supporting evidence, and responses in case of enquiries or challenges.
Personal taxation (Individuals, Entrepreneurs, Executives)
- Personal income tax planning and compliance, tailored to residency status, income sources, and family circumstances.
- Annual personal tax returns and supporting documentation: completeness checks, consistency with payroll/dividend records, and practical filing support.
- Tax residency planning and maintaining position: practical guidance on evidence and consistency (travel patterns, center of life, governance and documentation), case-by-case.
- Executives and internationally mobile individuals: remuneration structuring and coordination with payroll/tax filings where relevant, including cross-border working patterns (case-by-case).
- Capital gains tax considerations for relevant transactions (e.g., disposals of qualifying assets), including documentation and practical planning steps.
- Tax calendar & deadline management: reminders and coordination for annual filings, payments and supporting documents, aligned with your personal circumstances.
HNWIs
Family offices and high-net-worth individuals often face complex, cross-border tax and structuring questions covering wealth preservation, investment activity, succession, and multi-jurisdiction reporting. We provide discreet, partner-led support that is practical, structured, and aligned with long-term objectives.
- Personal tax planning & compliance in Cyprus (income tax, Special Defence Contribution where applicable, capital gains tax considerations, filings and supporting documentation).
- Cross-border structuring advice for holding vehicles, investment structures, and international income streams, taking into account treaty considerations and substance expectations.
- Wealth planning & succession support for families and owner-managed groups, including structuring for inter-generational transfers and continuity planning.
- Investment-related tax guidance for real estate, private equity, and corporate participations, including transaction planning and tax-efficient ownership arrangements.
- Trust and private client structuring support, including advice linked to Cyprus International Trusts (CITs) where appropriate (asset protection, confidentiality, succession planning).
- Family office operations support in coordination with our corporate/legal and fiduciary teams (governance, documentation, board support, entity maintenance, banking lifecycle support).
- Transactional support for major events (acquisitions/disposals, reorganisations, financing, residency/relocation-related planning in coordination with legal advisers).
- Tax risk management & audit support, including assistance with inquiries and interactions with the tax authorities.
Tax incentives & specialist regimes (where relevant)
- Eligibility & design: confirm which incentives apply to your facts and structure them in a sustainable, well-grounded way.
- Implementation & documentation: align contracts, accounting treatment, calculations and supporting evidence for filings.
- Ongoing monitoring: ensure continued compliance (substance, records, disclosures) as the business evolves.
Common Cyprus tools/regimes we advise on (case-by-case)
- Cyprus IP regime: structuring, eligibility support, and practical compliance readiness (tracking qualifying income/expenditure).
- Notional Interest Deduction (NID): equity funding strategy and robust calculation/documentation in the tax computation.
- Reorganisations & restructuring provisions: planning and execution support, with the required conditions and documentation.
- Loss utilisation / group relief: practical planning to use losses efficiently where available.
- Other reliefs/exemptions relevant to the client’s specific circumstances under the applicable legislation.