Tax Preparation & Compliance

Cyprus tax laws and regulations are regularly updated, with changes typically announced during the annual budget presentation or throughout the year as needed. These changes can include amendments to tax rates, introduction of new tax incentives, or adjustments to compliance requirements. Our team of tax professionals continuously monitors these changes to ensure our clients' tax strategies remain compliant and optimized. We provide regular updates about relevant changes that might affect your business and adjust our approach accordingly.

If you receive a tax audit notice, contact us immediately. Our Standard and Premium packages include varying levels of audit support. We'll represent you throughout the audit process, handling communications with tax authorities, preparing necessary documentation, and attending meetings with tax officials. Our approach focuses on ensuring a smooth audit process while protecting your interests. With our meticulous record-keeping and compliance practices, our clients are well-positioned to successfully navigate tax audits with minimal disruption to their businesses.

Yes, our Premium package includes international tax planning and compliance services. We assist businesses with cross-border operations in navigating complex international tax matters, including double tax treaties, transfer pricing, foreign income reporting, and VAT on international transactions. We help identify the most tax-efficient structures for international operations while ensuring compliance with both Cyprus tax laws and international tax regulations. Our team has experience with businesses operating across Europe, the Middle East, and beyond, providing comprehensive international tax solutions.

We maintain a comprehensive tax calendar for each client, tracking all applicable deadlines for filings and payments. Our proactive approach includes sending reminders well in advance of deadlines, preparing documentation ahead of time, and ensuring all filings are submitted with sufficient margin to address any unexpected issues. For payments, we provide advance notice of upcoming tax liabilities to help with cash flow planning. This systematic approach ensures all tax obligations are met on time, helping our clients avoid penalties and interest charges associated with late filings or payments.

The specific documentation required depends on your business structure and operations, but typically includes financial statements, bank statements, expense receipts, asset purchase records, payroll information, previous tax returns, and business registration documents. For clients who also use our financial record maintenance services, much of this documentation is already organized within our systems. For new clients, we provide a detailed checklist of required documents based on your specific business circumstances. We establish efficient document management processes to streamline future tax preparation cycles.

Our team maintains current knowledge through continuous professional education, subscriptions to tax law updates, membership in professional tax organizations, and regular consultations with Cyprus tax authorities. We participate in specialized tax seminars and workshops throughout the year and conduct internal knowledge-sharing sessions to ensure all team members are informed about the latest developments. This commitment to staying current with tax law changes enables us to provide up-to-date advice and implement the most effective tax strategies for our clients within the framework of the current tax environment.