The world’s current economic turmoil imposes new and complex challenges to tax planning and related structures. At Dr. K. Chrysostomides & Co LLC we have full knowledge of, and understand the intricacies of the Cyprus and international taxation system, and work with our clients in a comprehensive manner to maximise their tax benefits, according to their overall objectives. Our tax department, regarded as one of the country’s leading practices, provides across-the-board advice on all tax issues, from the more simple matters to multi-jurisdictional transactions, where our team offers the support needed to plan and implement proposed structures in a tax-efficient manner. We also deal with matters involving property tax, personal tax and employment taxes.
Tax advice is offered on a wide range of substantial cross-border and multinational tax structures, including mergers and acquisitions. Our firm’s corporate department works closely with our tax practice on numerous multinational deals, devising and implementing tax strategies to ensure that all corporate and tax implications are addressed in their entirety, and in the most detailed manner. Our clients include a variety of entities, individuals and international blue-chip clients, for which our specialised team provides seamless and steadfast advice, taking into account the tax considerations and parameters involved in an international structure, transaction, or individual needs. We also work closely on tax matters with major international law firms, private investors, high net-worth individuals, and clients from emerging markets.
Over the course of the last thirty years, Cyprus has become a sound financial centre due to its location, infrastructure, tax system and the extensive network of Double Tax Treaties with around fifty countries, including the USA, UK, Russia and almost all the CIS countries, India and China. The Cyprus corporate tax continues to be the lowest in the European Union, at only 12.5%.