Tax & Regulatory

Tax & Regulatory

PIVOT's International Tax practice is part of a network of professionals who can provide meaningful advice on cross-border tax matters - Cyprus has been a full member of the European Union since 2004 and a member of the Eurozone since 2008. The strategic position of Cyprus, connecting Europe, Middle East, Asia and Africa naturally make the island a hub for business and trade.

 

We advise and assist clients on:

  1. International Corporate Tax

  2. Voluntary Self Disclosure

  3. Mergers and Acquisitions

  4. Advice on tax impact of various asset classes such as equity, derivatives, debt, bonds, etc.

  5. Tax and regulatory structure for domestic pooling vehicles and setting up domestic fund vehicles for routing foreign investment into capital markets (AIF/MF)

  6. Supporting businesses through VAT compliance services including, but not limited to, assistance with the VAT registration procedure, preparation and filing of VAT and VIES (EC Sales list (VIES) returns, management of the risk of non-compliance, etc.

  7. Cyprus is in the process of aligning its transfer pricing rules with international standards. This translates to new compliance requirements for companies established in Cyprus and increased 

Our advisors have broad, general knowledge of tax matters as well as an in-depth knowledge of taxation issues within specific business sector. Expertise in dealing with the tax aspects of a cross-border acquisition, providing advice with regard to global transfer pricing strategy or advising on hiring, remunerating, or transferring executive or specialist employees.

 

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.

Cyprus is in the process of aligning its transfer pricing rules with international standards. This translates to new compliance requirements for companies established in Cyprus and increased transparency on cross-border transactionsWe help international companies plan their controlled transactions, detect transfer pricing and related tax risks as well as develop effective solutions to manage these risks. We assist our clients in drafting the necessary transfer pricing documents to be submitted to Cypriot tax authorities.

Further more, 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 whereas 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.) end we then help your company with its administrative obligations and contacts with administrative bodies.

 

 

Financial Consultation
Accountant at Work

We offer a range of indirect tax services:

  • Devising and implementing planning strategies to help mitigate VAT liabilities and cost.

  • Providing VAT, customs duties and excise planning, as well as strategic advice on cross-border projects.

  • Advising businesses and their tax teams on the development and execution of effective indirect tax management strategies.

  • Supporting businesses through VAT compliance services including, but not limited to, assistance with the VAT registration procedure, preparation and filing of VAT and VIES (EC Sales list (VIES) returns, management of the risk of non-compliance, etc.