Cyprus Tax Facts 2020

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About Tax

Ambitious organisations need to consider their tax affairs carefully to gain trust and stay ahead of their competitors.

At Grant Thornton, tax is a key part of our organisation and our award-winning teams can offer you a range of solutions, whatever the size of your business or the challenges you’re facing.

Using a combination of reason and instinct, we can work with you to develop a strategy that helps you both understand and manage your tax liability in a transparent and ethical way.

How we work 

Whether you’re a medium-sized dynamic business or a multinational company, we offer one-to-one access to senior tax people across the globe. Our teams listen closely to your needs and respond quickly with insightful solutions.

Key Services

Tax compliance

Our tax advisers can assist you with the preparation of your corporation tax computation and return in a timely and efficient manner, ensuring your compliance obligations are met and that you have claimed the maximum tax relief available. In addition, our dedicated team of tax specialists can provide advice and assistance on all areas of taxation including VAT and employment taxes. We can also advise you on your personal tax and assist you with financial planning.

Cyprus holding companies

Cyprus complies fully with all EU directives and has a favourable tax system with a wide network of double tax treaties. Whether you already have established international operations or whether you intend to expand internationally and you are contemplating the establishment of a Cyprus tax-resident base in order to take advantage of the benefits that Cyprus has to offer, we can assist you through our local expertise and the Grant Thornton International Ltd network to achieve your goals.

Company Reorganisations

Transfers of assets and liabilities between companies in the course of a reorganisation (including provisions and reserves) can be effected without any tax consequences. The term reorganisation includes exchange of shares, transfer of commercial activities, mergers and de-mergers.