Consulco’s international tax department renders tax advisory services of outstanding quality level. Whereas in competing firms, tax advisory services are usually rendered ‘on the side’ (e.g. by corporate lawyers, auditors or administrators), Consulco is one of the few firms in Cyprus that has structured its tax advisory services differently in the sense that the members of its tax department are educated and trained tax lawyers who are exclusively engaged in rendering tax advice and do not render any other services, such as audit- or corporate services.

Another way in which we distinguish ourselves from our competitors is that we do not only promote “proprietary” jurisdictions where we happen to have significant presence (office), such as Cyprus, Malta, UK, and the UAE. We are able to provide objective advise and, based upon this objective approach, we are able to acknowledge that in certain structures other jurisdictions may serve the clients’ purpose more accurately.  
 
Consulco’s international tax services have for various years been ranked as belonging to the highest quality levels that can be found in Cyprus by the International Tax Review, one of the world’s most prominent periodicals dedicated to international tax strategy.

Consulco’s tax advisers are members of the IFA (the International Fiscal association) the IBA (the International Bar Association) and the EATI (the European American Tax Institute).     


Staying up to date and keeping you up to date
Consulco has state of the art information systems on worldwide developments in international taxation. We are subscribers to prominent tax knowledge databases such as those published by the IBFD (the International Bureau for Fiscal Documentation), BNA International, the International Tax Review etc. In addition, through its extensive global network of representatives, Consulco is on a daily basis updated on important tax developments in countries throughout the globe.

Consulco makes sure that its clients and other associates stay up to date as well. This is amongst others done through quarterly submission of the Consulco international tax newsletter. Visitors of this website who are interested in receiving our newsletter, can sign up for our newsletter. 
 

Cyprus Tax Planning

During these times of globalization the application of efficient tax strategies which maximize tax benefits is essential.  In order to do so, proactive tax planning is required. 

Consulco can assist both businesses and individuals in such tax strategies.  We could also assist in terms of tax compliance allowing you to focus on other aspects of your business.

We offer a range of services in relation to the above:

 

  • Preliminary tax review of the company’s tax position 
    Tax review of the company’s tax computation and subsequently of its tax position is performed, as part of the audit, for each tax year based on its financial statements.  The tax review enables us to identify any tax risks the company may be facing, assess those risks, classify them at the appropriate risk level and quantify accordingly. The issues identified can be used as a basis for consideration for deciding how a company could conduct its activities in such a way to maximize its tax efficiency.

 

  • Assistance in submitting the company’s tax returns 
    Our firm can arrange for the timely submission of the company’s tax returns on behalf of the company.

 

  • Liaising with the tax authorities regarding the company’s tax affairs 
    Our firm can liaise with the tax authorities, on behalf of the company, for any tax issues that may arise in relation to the company's tax affairs. This is especially the case when the tax authorities issue notices or assessment and objections may need to be filed and meetings may need to be arranged accordingly with the tax authorities in order to agree the company’s tax affairs.

 

  • Advance tax rulings
    Advance tax ruling requests can be submitted to the Cyprus tax authorities for spefific transactions.

 

  • Obtaining tax residence certificate 
    Our firm can assist in obtaining tax residency certificate for a Cypriot tax resident company proving its Cypriot tax residence by submitting to the Cyprus tax authorities all the necessary documentation required and following up the issuance of the certificate.

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