1. Registration with the tax authorities and obtaining a Tax Identification Number
2. International and local tax planning
3. Preparation and submission of tax returns
4. Capital gains tax
5. Obtaining tax rulings and interpretations of tax issues from the tax authorities
6. Obtaining tax residency and tax clearance certificates
7. Registration and deregistration of VAT.
8. Preparation of capital statements

1. Registration with the tax authorities and obtaining a Tax Identification Number

Every business in Cyprus must be registered with the Cyprus tax authorities within a short period of time after incorporation. Our taxation team undertakes this task and obtains a tax identification number which is unique to the specific business.

2. Local and international tax planning

The taxation team undertakes all that is necessary so that a company operates within the tax laws in a given year. Advise is given on all tax matters that affect local companies. In cases where a Cyprus company is involved in an international structure help can be offered to foreign tax advisors as to the tax implications of the Cyprus entity.

3. Preparation and submission of tax returns

Tax returns of individuals, companies and other entities can be prepared and filed with the Cyprus tax authorities on a yearly basis.

4. Capital gains tax

Advise can be offered to local individuals and companies on all matters relating to capital gains tax.

5. Obtaining tax rulings and interpretations of tax issues from the tax authorities

Where it will be necessary to obtain a tax ruling on certain tax issues, our tax team can prepare the necessary report and advise the clients the best way to proceed.

6. Obtaining tax residency and tax clearance certificates

Tax residency certificates in relation to companies and individuals can be obtained from the Cyprus tax authorities in order to confirm to foreign tax authorities the tax residency of the company or individual concerned. Tax clearance certificates can also be obtained up to the date of the last tax return filed by companies or individuals.

7. Registration and deregistration of VAT

The VAT department of our firm will undertake all that is necessary for the registration of a company or an individual with the VAT authorities. They will make sure that all returns are properly completed and filed on time. A similar procedure will be followed in cases where VAT deregistration will be necessary.

8. Preparation of capital statements

Cyprus tax residents may be asked by the Cyprus tax authorities to prove their wealth and from where it has arisen for the last six years of their tax residency. Our team of experts can help the taxpayer by preparing a capital statement of such a wealth with all the necessary documents that are necessary.