Premioconsult (Cyprus) forms Alliance with TPA Global

Premioconsult (Cyprus) forms Alliance with TPA Global

Our firm, Premioconsult Limited, in conjunction with TPA Global takes great pleasure in announcing the formation of an alliance to serve the needs of business in the areas of international tax and transfer pricing.   This new alliance will help to meet the growing demand of multinationals for comprehensive tax, valuation and transfer pricing systems, currently being scrutinized by the administrations as the next revenue […]

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The basics of doing business in Cyprus

The basics of doing business in Cyprus

On the 8th of December 2017 our Company, Premioserve Limited, organised with great success the seminar “The basics of doing business in Cyprus” at Crowne Plaza hotel in Limassol. The seminar was designed especially for the Russian community in Cyprus and was in Russian language. The seminar covered the topics of basic accounting principles, corporate and personal income tax matters and internet marketing. More than […]

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Intra – group financing transactions

Intra – group financing transactions

Intra – group financing transactions. Circular issued from Cyprus Tax authorities On 30 June 2017 the Cyprus Tax Authorities issued a circular providing guidance regarding the tax treatment of the intra – group financing transactions following the abolishment of the minimum margin scheme from 01/07/2017. The circular applies for existing and future financing transactions, therefore existing arrangements need to be revised in terms to comply […]

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Scheme for settlement of overdue taxes by monthly installments

Scheme for settlement of overdue taxes by monthly installments

The Cyprus Tax Authorities issued an announcement where they give guidance regarding the implementation of the scheme. Important aspects of the law/scheme: 1. Type of taxes covered under the scheme a. Income Tax b. Special Defence Contribution c. Capital Gains Tax d. Inheritance Tax e. Immovable property tax f. Special Contribution g. Stamp Duty h. VAT 2.  Periods covered a. All taxes due for the […]

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