Tax Planning 

TDM Audit Services Ltd.

 Auditing -  Business Consulting - Tax -  International Corporate Services

Cyprus has become a well-established international financial centre used by an ever-increasing number of prominent foreign entities especially after the entry in the European Union in 2004.We recognise that international tax considerations must be seriously appraised.Companies need to be more innovative and pay greater attention to tax planning in order to minimize the amount of tax paid through different structures. 

The practice provides expert advice on activities with international tax implications such as double tax treaties.

Double Tax Treaties

Cyprus offers substantial tax incentives for the international investor due to its favourable tax regime and the numerous double tax treaties that it has signed.In fact, Cyprus differs from most other offshore jurisdictions as it has a large number of double tax treaties to offer (35 in total).

Generally speaking, the double tax treaty provides reduced or even nil rates of withholding taxes in dividends, interest and royalties paid out of the contracting state. It also allows avoidance of double taxation in the case where a resident in one of the contracting states derives income from other contracting states.

By utilizing Cyprus numerous double tax treaties the tax burden of the investor can be kept to a minimum enhancing at the same time the shareholders’ value.The countries that Cyprus has signed double tax treaties with are: 

Austria, Malta, Belarus, Mauritius, Belgium, Norway, Bulgaria, Poland, Canada, Republic of San Marino, Czech Republic,Romania, China, Russia, Denmark, Seychelles, Egypt, Singapore, France, Slovakia, Germany, South Africa, Greece, Sweden,Hungary, Syria, India, Thailand, Ireland, United Kingdom, Italy, United States, Kuwait, Former USSR, Lebanon, Yugoslavia.

We can advise you based on your requirements and specifics, which is the best jurisdiction for you to establish a company, as well as the details of any double tax treaty that you may be interested in.

Business Taxation

We offer to our corporate clients:

  • Assistance in preparation of their tax returns

  • Submission of the required tax return to the Inland Revenue

  • Liaising with the Inland Revenue on their behalf

  • On-going tax planning

  • Advice on international tax planning

  • Tax advice on strategic decisions such as mergers & acquisitions, group reorganizations and trusts formations

Personal Taxation

We offer to our individual clients:

  • Assistance in preparation of their tax returns

  • Submission of the required tax return to the Inland Revenue

  • Advice and preparation of capital statements

  • Personal tax planning

  • Advice on tax issues affecting expatriates

  • Liaising with the local tax authorities

V.A.T Related Services

​Services that we offer to all of our clients:

  • Maintaining VAT records

  • Submitting the quarterly VAT returns to the V.A.T authorities

  • VAT planning and advice

  • Assistance in investigations made by the VAT authorities

  • Assistance in the situation of additional taxes claimed and penalties imposed by the VAT authorities

  • Liaising with the VAT authorities