Direct - Indirect Local Taxes
We offer comprehensive services related to direct taxes, helping businesses and individuals navigate the complexities of tax laws in Cyprus.
At Spectramag, we provide expert direct tax advisory services, offering in-depth guidance on corporate income tax, personal income tax, and capital gains tax.
Our team ensures compliance with local tax regulations while minimizing liabilities. We help clients structure their operations in a tax-efficient way, offering tailored solutions for tax planning, timely filing, and addressing any issues during audits. Additionally, we provide corporate and personal tax planning strategies to optimize tax positions and ensure long-term success.
Direct Tax Advisory
Our expert team provides in-depth advice on corporate income tax, personal income tax, and capital gains tax, ensuring full compliance with local tax regulations while minimizing liabilities. We work closely with clients to structure their operations in a tax-efficient manner, offering tailored solutions for tax planning, timely tax return filing, and addressing any tax issues that may arise during audits. Our proactive approach helps clients remain fully compliant and take advantage of any tax-saving opportunities available under Cyprus tax laws.
Corporate and Personal Tax Planning
Our direct tax services are designed to support both corporate clients and individuals in optimizing their tax positions. Whether you are a business looking to manage your corporate income tax efficiently or an individual seeking to reduce personal tax liabilities, our team offers specialized tax strategies that align with each client’s unique financial goals. We ensure that tax structures are optimized for long-term success, providing expert advice on tax-efficient strategies and addressing any complex issues that may arise in the course of your business operations or personal financial management.
Indirect Tax Services (VAT and Customs Duties)
In addition to direct taxes, we specialize in indirect taxes, focusing on critical areas such as Value Added Tax (VAT) and customs duties. As Cyprus is a member of the European Union, businesses must comply with specific VAT
regulations, particularly when engaging in cross-border transactions. Our team provides expert guidance on VAT registration, preparation of VAT returns, and compliance with international trade regulations. We also assist clients in understanding their VAT obligations for both domestic and EU transactions, helping them to navigate complex VAT rules and avoid any risks related to noncompliance.
Customs Duties and International Trade
We also guide businesses through the intricacies of customs duties, advising on exemptions, preferential treatments, and trade agreements that may apply to specific industries or international operations within the EU. Our team ensures that clients are well-informed on the customs procedures that impact their business and offers solutions to reduce customs-related expenses. Whether you are importing or exporting goods, we ensure compliance with all customs regulations to support smooth business operations.
Local Tax Services
In addition to providing expertise on direct and indirect taxes, we offer local tax services that help individuals and businesses comply with municipal taxes, property taxes, and other local tax obligations in Cyprus. We understand that tax rates and laws can vary by region, and our team works closely with clients to ensure they are fully informed of local tax requirements, deadlines, and the necessary documentation to avoid penalties or fines. Through detailed guidance on property tax planning and local compliance, we help clients optimize their tax positions and ensure smooth operations within the Cypriot jurisdiction.
By offering comprehensive advice on both direct and indirect taxes, Spectramag helps businesses and individuals manage their tax obligations efficiently and in compliance with local, EU, and international tax laws. Our tailored services help clients minimize risks, optimize savings, and maintain financial integrity while focusing on their core operations.
Contact Us
+357 25363471
Chrysanthou Mylona 1, Panayides Building 2nd Floor, Office 1,
3030, Limassol, Cyprus