KPMG’s Indirect Tax team provides advice and assistance at the Cyprus and international level.
KPMG’s team provides advice and assistance at the Cyprus and international level.
In the current economic environment authorities around the world are re-examining their tax collection mechanisms placing an emphasis on indirect taxes.
Authorities have realized that by correctly managing these taxes their revenue position improves without significantly impacting the economy. Moreover, the existence of more complicated organizational structures, the activities of which are spread globally, makes control, compliance and optimization tasks increasingly more difficult than ever to manage.
In light of the global downturn, the European Union’s attempts to
streamline the VAT regulations across its Member States, have resulted in
frequent amendments to the EU and consequently to National VAT legislation.
Global businesses need to be on alert of all developments in the VAT
area and of the resulting direct or indirect implications of each stage of the
tax life cycle covering compliance, planning, tax accounting and disputes with
the Authorities. Not seeking expert advice before proceeding with any
particular transaction can, therefore, result in non-compliance with a
country’s VAT legislation leading to the suffering of unnecessary penalties and
KPMG’s Indirect Tax team provides advice and assistance at the Cyprus
and international level. We structure our effort to dovetail with your business
issues and strategy. Our focus is on supplying value adding and pragmatic
advice rather than just a list of recommendations.
How we can help you
Our tax professionals are able to review your company’s current tax
position and provide relevant advice and planning on a range of indirect taxes, including VAT, customs duties and excise taxes (such as tax audits,
reorganizations and acquisitions, etc). Furthermore, we can help your company with its administrative obligations and contacts with administrative bodies.
Our Cyprus practice works closely with Indirect Tax professionals in
other EU and non-EU countries. Please visit our Global Indirect Tax Website: www.kpmg.com/indirecttax for more information.
We offer a range of indirect tax services:
Devising and implementing planning strategies to help mitigate VAT liabilities and costs.
Provision of tailored structured training to staff responsible for the internal
management of VAT.