TAXATION

CORPORATE TAX, INDIVIDUAL TAX, TRANSFER PRICING, VAT

CORPORATE TAX

Keeping up to date with corporate tax compliance is a challenge for businesses in today’s complicated, highly regulated and continuously changing tax environment all over the world.

At Dinos Antoniou & Co Ltd, we can assist on a broad range of corporate tax issues tailored to each business’s needs and covering all aspects of taxation in the areas of:

  • Corporation Tax
  • Defence Tax
  • Capital Gains Tax
  • Immovable Property Tax
  • Stamp Duty
  • Land transfer fees

Our list of services includes amongst other the following:

  • Tax calculation in accordance with the relevant Law provisions;
  • Completion and submission of tax returns to the Tax Authorities;
  • Advice on tax return filing deadlines, tax payment deadlines and other important tax dates;
  • Dealing with the Tax Authorities upon tax investigations;
  • Dealing with tax assessments, objections and appeals;
  • Provision of advice on corporate tax compliance and corporate tax planning;
  • Obtaining of tax rulings and opinions;
  • Obtaining of tax certificates;
  • Advice and assist on any other tax related matter that may be of interest to your business needs.

INDIVIDUAL TAX

As the worldwide tax system becomes more and more complex, it is important for each individual acting as a sole practitioner, entrepreneur, employee or a wealthy individual to be able to understand and comply with the relevant tax rules and regulations.

Our list of services includes amongst other the following:

  • Registration with the Tax Authorities;
  • Tax calculation in accordance with the relevant Law provisions;
  • Advice on tax return filing deadlines, tax payment deadlines and other important tax dates;
  • Prepare capital statements;
  • Dealing with the Tax Authorities upon tax investigations;
  • Dealing with tax assessments, objections and appeals;
  • Obtainance of tax certificates;
  • Advising and assisting in any other tax related matter.

TRANSFER PRICING

The compliance requirements associated with transfer pricing reporting and documentation have increased all over the world. Because of the potential for cross-border controlled transactions to distort taxable income, business transactions between enterprises under common ownership or control must be checked and adjusted if differ from what would have been charged by unrelated enterprises dealing at arm’s length.

Non-compliance with transfer pricing rules may result in conflicts with Tax Authorities which can give rise to high taxes as a result of very large local tax reassessments and uncertainty about groups’ overall tax burden all over the world.

Following the introduction in the Cyprus tax system of specific transfer pricing requirements on intra-group financing arrangements, our transfer pricing team can assist you in the following areas:

  • Determining whether the group’s activities are subject to the TP legislation;
  • Perform analysis of the functions performed, assets used, and risks assumed by the reportable Cyprus tax resident financing company in order to identify the appropriate level of equity that would be needed to assume the risks;
  • Perform comparability analysis of the transactions between related parties in order to ensure they are comparable to transactions between independent entities;
  • Based on the results of the comparability, functional and risk analysis, benchmark the remuneration of the reportable entity against that generated by comparable transactions and circumstances between unrelated parties;
  • Analyse the potential implications of the TP requirements related to future financing arrangements between related parties, identify the associated risks as well as remedial actions to take prior to implementation of such transactions;
  • Prepare the Master file for submission to Tax Authorities and ensure that the relevant TP requirements are met;
  • Liaise with the Tax Authorities.

VAT

We assist you with your VAT compliance obligations and provide you with VAT planning opportunities, we undertake the paperwork and preparation needed from the first day of the company’s activation, providing you our experienced and professional knowledge including the below:

  • VAT registration
  • Preparation and filing of VAT returns
  • Negotiation with the VAT authorities and assistance with VAT negotiations during a VAT investigation
  • Efficient VAT recovery/refund requests
  • VAT diagnostic reviews
  • Advice on the VAT treatment of specific transactions
  • VAT deregistration

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By completing this form, you confirm that you agree to the storing and processing of your personal data by Dinos Antoniou & Co as described in our Privacy Statement.