Income Tax advisory
Tax legislation is becoming increasingly complex and multi-layered. The continuing globalisation and permanent new regulations hold tremendous challenges from a tax perspective. As a result, specialist consulting is becoming indispensable.
Tax consulting is one of the core competencies of our firm. Our team consists of specialists with many years of experience in international consulting companies, in big industrial concerns and in the state financial sector. Accordingly, we ensure a very “practical approach” which enables us to provide high-quality and tailor-made services in the field of tax law.
The international background of WTS Global is particularly useful in the area of tax consulting. While in other areas of consultancy the provisions of Cyprus law generally and primarily determine what needs to be done, when deciding on tax-related matters it is often necessary to have a thorough knowledge of the client’s international organisation and develop sophisticated cross-border solutions.
- Consulting in corporate income tax in Cyprus based on local legislation
- Tax optimization in term of expenditures in research and development activities and revenues form intellectual property
- Tax incentives for investment in start-ups and in employment of new staff
- Determination of the most efficient tax structure in the transactions within group of companies
- Preparation/review of annual tax balance
- Withholding tax advisory (Royalties, Services, Interest, Rents, Dividends)
- Permanent establishment: determination of status, risk and full compliance
- Consulting in personal income tax and other relevant contributions
- Administration of expat employees and managers