Tax
Cyprus is a party to more than 60 double tax treaties and has one of the most favourable tax systems in the EU which is aligned with the OECD guidelines.
Moreover, Cyprus’s tax framework is distinguished by virtue of its low corporate and personal income tax rate as well as for the tax incentives it provides to individuals and corporations wishing to relocate, invest, settle, or work in Cyprus.
Our team advises and provides corporations, investors and high net worth individuals with the following services:
- Advising on the interpretation of the provisions of double tax treaties to which the Republic of Cyprus is a party.
- Advising clients for their tax reporting obligations/compliance.
- Advising on any tax incentives/reliefs provided to non-domiciled individuals or corporations wishing to relocate to Cyprus.
- Tax efficient structuring of groups of companies.
- Obtaining advance tax rulings from the Tax Department.
- Advising on transfer pricing requirements and relevant provisions of the Cyprus Tax Laws and Circulars issued by the Tax Department as well as assisting on the preparation of transfer pricing documentation.
A.I. Kitsios LLC represents clients before the Tax Tribunal and the Cyprus Courts in the following matters:
- Representation and filing of objections to rulings of the Commissioner of Taxation, during inquiries/investigations.
- Representation before the Tax Tribunal, the Administrative Court for any decisions of the Commissioner of Taxation they wish to challenge.
Representing corporations, their officials or employees or any other persons involved, on criminal proceedings regarding tax fraud and other tax related offences (link to financial crime page).
