This document discusses various tax-related questions and services offered by a boutique tax firm specializing in Cyprus and international tax. It asks how comfortable and prepared various clients and their in-house tax teams are in regards to staying up-to-date on tax law developments, assessing tax risks and exposures, handling tax implications of transactions, VAT compliance, international tax changes, and tax dispute resolutions. It indicates this firm can assist clients through its in-house tax team and network.

1. A premier boutique tax
�irm, exclusively practising
in the �ield of Cyprus and
international tax.

2. Tax Disputes & Tax
Discussions
VAT
Transfer Pricing
Cyprus tax
International Tax
• Do you have an in-house tax team
for staying abreast of the ongoing
developments in Cypriot tax law? Do you
have the necessary controls in place to
protect you and your clients?
• Are your Directors well informed of all the
tax exposures and risks?
• Does your team proactively (consider
ruling) reflect the domestic and cross
border tax implications of major
transactions entered in by your clients
(selling assets abroad, employee working
abroad, PE abroad through a depended
agent or other ways, procurement
contracts, Loan agreements, WHT
payments and claims)?
• How comfortable are you with reverse
charge mechanism? How, when and
why does it apply?
• Do you know the vat implication
between non-economic activity and
non-business activity?
• Are you aware of the Vat penalties
for noncompliance? Do you have the
necessary controls in place to detect
vat risks?
• Are you in abreast with international changes (BEPS project, CFC , MLI
developments) affecting Cyprus clients and did you take measures to mitigate
risks?
• Is your in house tax team fully equipped to handle the demands of tax
compliance in various international jurisdictions where your clients operate?
• Are you comfortable that your Cypriot clients are legally entitle to access
treaty protection (scope, persons covered, definitions of the income, resident
under treaty, beneficial owner, Double taxation relief , triangular cases,
conflicts of qualifications)?
• Have you assessed the potential downside (in monetary
and reputation terms) if your clients are not successful
in managing its tax audits?
• is your in house-tax team fully comfortable to handle
discussions with tax authorities?
• Are you aware how a well-managed tax audit process
process can potential save you time and money?
• Are you aware that by 01.07.2017 any loans to
related parties should follow transfer pricing
guidelines in Cyprus based on OECD guidelines?
• Are you comfortable to prepare a formal TP
documentation?
• Can you support that the disclosure made in your
annual corporate income tax?
Tax Compliance services “on a page”
How confident are you on the questions below?
... if not Taxatelier though “FTI Global tax network” can assist you.