Together with our network of associates and consultants we can offer a variety of tax related services, such as tax advisory and tax compliance. In particular, on the latter, we offer the following:

Tax support to Family Offices and/or other small medium Firms

  • Providing comments/analysis in technical areas.
  • Advising on structuring and/or tax planning and/or transactions.
  • Aiding in the preparation of TP documentation.

Tax Compliance

  • Tax review of draft Financial statements
  • Preparation of tax computations and tax returns for taxpayers.
  • Preparation of tax residency and tax compliance request letters and securing these.
  • Preparation and filing of Provisional tax declaration forms.
  • Preparation and filing of Deemed Dividend Distribution Forms.
  • Self-assessment and payment of corporate and personal taxes.
  • DAC 6 reporting.

Transfer Pricing

  • Advising on matters relating to Transfer Pricing.
  • Preparing relevant legal documentation in support of the arrangement reflecting risks and functions.
  • Preparing benchmarking studies for financial transaction pricing the loan amount and interest rate.
  • Application of simplification measures.

The Law Reviews released the 10th edition of "The Tax Disputes and Litigation Review". Cyprus Chapter as authored by Kyriacos Scordis the managing partner, Penelope Papapetrou, partner, Costas Michail, tax director and Phoebe Papageorgi, associate, appears in the Law Reviews expounding on the tax dispute and litigation in Cyprus.

In brief, the Cyprus chapter lays down the compliance reporting obligations, tax investigations and disputes with the Cyprus Tax Agency, the role of negotiations to reach settlement and recourse to the Tax Tribunal and/or the Administrative Court if negotiations with the Cyprus Tax Agency breaks down.

It also provides for areas of focus, while it posits that the advance tax rulings may be employed as mediums to obtain certainty and avoid future disputes.

The function and recourse to the Tax Tribunal & Administrative Court is elaborated.

Finally the Cyprus Chapter briefly unlocks the array of anti avoidance Law provisions embodied in the Cyprus Tax Laws.

You can read more about it here