Tax Planning, Advisory and Structuring

Tax planning is the arrangement of one’s financial and business affairs in such a manner as to attract either locally or abroad the minimum tax, without the contravention of any law or without defrauding the revenue by not declaring profits or by other deceitful means.

We assist you in balancing the effects of two opposing considerations, namely, non-compliance risks and maximizing business profit and cash flow, in order to enable business to pay tax strictly according to the law. We implement for our clients those methods and controls in order to ensure compliance of tax obligations worldwide.

Tax optimization requires a clear understanding of relevant tax laws, locally and abroad, related legal rules and policy environment. It also entails a detailed understanding of a business in order to evaluate how the impact of tax may fall on an operation or transaction. TBC's approach is to work closely with clients  to gain a full understanding of their business objectives and transaction details in order to achieve tax certainty and the best possible tax position for an operation.

We can advise you on such matters as:
> Interaction of tax treaties and local tax laws and use of the double tax treaties in international tax planning
> The use of Cyprus tax resident companies in international tax planning
> Selection of appropriate business entities for foreign operations
> The efficient repatriation of funds
> Loss utilization
> Cross-border financing and treasury solutions
> Restructuring services

Cyprus has concluded an impressive number of treaties for the avoidance of double taxation. There are currently more than 40 treaties in force. The existence of these treaties, combined with low tax paid by international enterprises, as well as their beneficial owners and expatriate employees, offer significant possibilities for international tax planning through the island of Cyprus.