VAT can be the bane of everyone affected by it. The complex regime of regulations imposes a tremendous administrative burden on
With the rate being so high, mistakes in calculating VAT can be costly – and the rigid system of penalties and interest charges for mistakes and the late submission of returns adds to that burden.
Our cost-effective VAT compliance and planning services can relieve you of this burden. Our team will help to keep your VAT affairs in order, ake sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time.
Our professionals help clients to reduce their indirect tax exposure through our advisory and compliance services.
We can advise on and help with:
- VAT treatment of specific transactions
- Pre-audit VAT reviews to identify risks and areas of deficiency
- Tax planning advise in order to minimize the overall tax burden
- Preparation, review and submission of VAT returns to the Cyprus VAT office
- VAT registrations
- Maintenance of proper VAT records
- Negotiation with tax authorities on VAT matters
- Flat rate VAT schemes
- VAT on imports and exports
- VAT control visits by Customs and Excise