Taxation is a fundamental aspect of modern economy and it forms a crucial part of a business’ strategy.
Taxation is a fundamental aspect of modern economy.
Taxation is a fundamental aspect of modern economy and as such, forms a crucial part of a business’ strategy, in particular those with international transactions.
Structuring cross-border transactions in a tax efficient manner demands a
degree of specialization that goes beyond a business’ internal resources.
Corporate tax does not only represent a substantial outflow of funds from a
business but also, adds to the drain on management time caused by increased reporting obligations, reconciliations of effective tax rate, a more investigative approach by the tax authorities and harsher penalties for non-compliance; hence, the tax burden can be significantly larger than one might hope.
Through our understanding of our clients’ businesses and industries, we deliver tax planning and compliance services that help enhance compliance, improve cash-flow and adopt beneficial tax treatment in various areas of specialization: banking, insurance, leasing, real estate, IT, telecommunications, media, transfer pricing, mergers and acquisitions, due diligence and restructuring of companies. The multidisciplinary nature of KPMG allows us to provide broad ranging advice in respect of operational, financing, accounting and taxation issues.
We advise and assist clients on issues such as:
We maintain a dialogue with relevant authorities and provide our clients
with practical, forward-thinking advice based on a deep understanding of their
individual tax issues.
For more information on how we can help your business, or to set up a meeting, contact us today.
The Cyprus Tax Department (CTD) issued Interpretative Circular 18, Income Tax, interpreting the obligations arising for individuals under the provisions of the Assessment and Collection of Taxes Law to maintain books and records and prepare audited financial statements.