TAX & International TAX Law – ACHILEAS PAFIOS & CO LTD

We are a key player in the provision of efficient services on Tax Law. The firm advice on all the fields of taxation in areas such as Corporate Tax, Income Tax, Property Tax, Trusts and etc. Moreover, the firm also provides services and advice on International Tax Planning by assisting clients to utilize a cost- efficient tax structure through a Cyprus Company and through the set up of International Trusts.

Cyprus is a country that highly complies with the Organisation for Economic Co-operation and Development (OECD) standards. OECD announced transfer pricing policies in an effort to increase integration of national economies, ensure that countries are using their rights to tax profits where the income arises and to support the evolution of Multinational Enterprises. Without any transfer pricing policies, entities may be in the position to manipulate transfer prices between their related companies and build a tax advantage by shifting income from a high jurisdiction to a lower one.

As a leading firm specializing in international taxation, we are pleased to offer our comprehensive Transfer Pricing Study services tailored specifically for businesses operating in Cyprus. Our team of seasoned professionals is dedicated to providing meticulous analyses and strategic solutions to ensure your organization adheres to local regulations while optimizing its global operations.

Key Features of Our Transfer Pricing Study Services in Cyprus:

Local Expertise: Our team possesses an in-depth understanding of Cyprus tax laws and regulations, enabling us to conduct transfer pricing studies that align seamlessly with local requirements.
Customized Solutions: Recognizing the unique business landscape in Cyprus, our services are tailored to address the specific challenges and opportunities presented by the region.
Risk Mitigation: Stay ahead of evolving regulatory landscapes and minimize the risk of audits by leveraging our proactive approach to transfer pricing compliance.
Strategic Guidance: Beyond mere compliance, we offer strategic insights to optimize your transfer pricing structure, ensuring it aligns with your business goals and contributes to sustainable growth.
Transparent Communication: Throughout the process, we prioritize clear and transparent communication to keep you informed and involved, fostering a collaborative partnership.

Empower Your Business with Strategic Transfer Pricing in Cyprus:

Effectively managing transfer pricing in Cyprus is not just about compliance; it’s a strategic imperative for sustained success. Partner with us to navigate the complexities of international taxation seamlessly and unlock the full potential of your business in the Cypriot market.

In the event that a related party transaction is not in line with the arm’s length transaction definition, profits that should have been accrued may be added to the profits of the company and taxed accordingly.

Since the ratification of its New Tax Legislation in 2003 (which aims to conform to European Union law and the European Union code of conduct) and the abolition of the offshore regime, Cyprus has succeeded on assembling a simplified, effective, and translucent tax system that is fully approved by the European Union and the OECD. As a consequence, Cyprus became a stable tax-competitive jurisdiction with a favorable and tax-efficient planning system for entities in the EU and outside the EU. Therefore, Cyprus now is a respectable EU, non-offshore, non-tax haven jurisdiction.

Therefore, in light of the above, a Cyprus Holding Company can be used very effectively for international tax planning purposes, through the use of the tax incentives and the treaties for the avoidance of double taxation. Also, the Cyprus Holding Company may be used as an investment vehicle through several kinds of companies such as Holding companies, Finance companies, Royalty companies and the Financial Services companies.
The firm advice on all the fields of taxation in areas such as Corporate Tax, Income Tax, Property Tax, Trusts and etc. Moreover.
There is no withholding tax on the payment of dividends, interest and royalties from Cyprus to non-residents of Cyprus.

The main features of the tax reform and the tax advantages on forming a Cyprus Company are the following:

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Cyprus: Transfer Pricing Study

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