Corporate Tax

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:

Improving a company's overall tax charge, utilizing the provisions in tax legislation
Providing advice to those who are establishing a new business
Advising on tax-efficient financing structures
Tax reporting for companies and other entities subject to tax
Tax obligations for Permanent establishments in Cyprus and abroad
Corporate tax compliance
Developing or reviewing corporate tax policies
Assistance during tax inspections
Assisting with the tax implications arising out of a proposed liquidation of a company

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.

Tax Contacts

Angelos M.Gregoriades
Board Member, Head of Tax

+357 22209245

Fax:+357 22513290

agregoriades@kpmg.com

Latest Articles and Publications

© 2012 KPMG Limited, a Cyprus limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.
KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.