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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 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 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.