International Tax Planning
Tax Planning
Every business can use tax planning to legitimately minimize its tax bill. Using our services, clients will ensure that they have structured their business transactions with the most tax-efficient way, in order to minimize their future tax obligations. A more strategic approach is required for tax planning to produce fruitful results for your business.
VAT advice and support
Value added tax is one of the most complex tax legislations in Europe due to the constant changes to regulations and the increasing reporting requirements by the European Union and the EU member states. Our staff can provide valuable advice to our clients on VAT planning and administration and also offer solutions, tailored-made to each client for more appropriate schemes/structures.
Personal Tax Advice
Our professionals are able to offer tax advice, planning and help from income tax to inheritance tax on a personal or individual level. When providing personal tax advice we consider it fundamental that we fully understand what the client wants to achieve. At the same time it is imperative that our clients understand the consequences of any tax planning we may undertake for them, not only to save tax, but perhaps also to safeguard the family wealth for future generations. Our entire focus when asked to provide tax advice is to ensure that you pay only the tax that you need to and if possible to save you tax.
Group restructuring
The changing economic climate on the globe, companies’ rapid growth and clients’ needs often command a change in a group’s legal and tax structure. Prudens is in a position to assist its clients with the changes, not only in deciding what the necessary changes are but their implementation as well. Prudens’ specialized staff provide their support throughout the restructuring process.
Tax Support Services
Routine Tax Work
We have the knowledge and the experience required to help you sort out all your tax obligations with the Tax Authorities of Cyprus. We can prepare and submit to the Inland Revenue, all forms and statements required by the Income Tax Law of Cyprus.
Registration to VAT Registrar
According to the VAT Law of Cyprus, any person entering into “vatable” transactions exceeding the threshold of €15.600, has to register for VAT. We can prepare and submit the relevant VAT forms, to register your company with the VAT Registrar.
Preparation of VAT reports
As per the VAT Law of Cyprus, Article 43, all persons registered with the VAT Registrar, have to submit quarterly returns (Form 4) according to the requirements of the Law. Payments for VAT are also made quarterly, on the basis of the returns submitted to the VAT Registrar. We can offer this service to our clients ensuring that all their legal obligations are fulfilled.
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> Tax Advisory & Group Structuring