Corporate and Income Tax

Our team provide a full spectrum of tax advice to both corporate and private clients. We possess the necessary expertise to ensure that you and your business are compliant with all current legislation.

We understand the importance of meeting tax compliance deadlines and of reducing effective tax rates by taking advantage of all available statutory reliefs.

We understand that whatever the complexity of a particular client’s affairs, Cyprus Inland Revenue’s enquiries can be complex, stressful and difficult to deal with, for both individuals and companies.

The tax authorities have increased their focus in recent times on investigating the affairs of high-net-worth individuals and businesses with complex or unusual features and they are showing particular interest in the affairs of taxpayers with international connections. Many of our clients fall within these categories and we are well versed in dealing with the Cyprus Inland Revenue’s enquiries (income tax, corporation tax or VAT) and investigations.

We are happy to deal with simple enquiries to clarify factual points on a tax return or more detailed and challenging technical queries, such as the deductibility of expenses, capital allowances, research and development tax credits or questions of residence and domicile as well as the taxability of overseas income and gains.

Corporate and income tax services involve expert guidance to ensure businesses and individuals meet their tax obligations while minimizing liabilities and maximizing available benefits. Proper tax planning and compliance are critical for financial health and long-term success.

Who is it for?

Our corporate and income tax services are designed for:

• Businesses (corporate entities, SMEs, and startups) that need assistance with tax compliance, planning, and reporting.
• Individuals seeking personal tax advice, including high-net-worth individuals with complex financial affairs.
• Taxpayers with international connections, such as expatriates, multinational companies, or those with foreign income or assets.
• Organizations or individuals undergoing tax audits, investigations, or dealing with inquiries from the Cyprus Inland Revenue.

What we offer:

At Innoserve, we provide a comprehensive range of tax-related services tailored to meet the unique needs of our clients. Our offerings include:

Full Spectrum Tax Advice:
Whether you’re an individual or a business, we ensure compliance with all current legislation and provide actionable advice to optimize your tax position.

Tax Compliance and Deadline Management:
We understand the importance of meeting deadlines and reducing your effective tax rate by utilizing all statutory reliefs and exemptions available under Cypriot tax law.

Expert Handling of Tax Enquiries and Investigations:
With increased scrutiny on high-net-worth individuals and businesses with international connections, navigating tax authority inquiries can be challenging. We have extensive experience dealing with:

• Cyprus Inland Revenue inquiries on income tax, corporation tax, and VAT.
• Technical queries about expense deductibility, capital allowances, R&D tax credits, residence and domicile issues, and overseas income taxation.
  Our team handles these matters efficiently to minimize stress and ensure optimal outcomes.

Strategic Tax Planning:
We provide tailored strategies to manage your tax obligations, reduce liabilities, and take advantage of opportunities such as double taxation treaties, incentives for R&D, and other reliefs specific to Cyprus.

With Innoserve’s corporate and income tax expertise, you can confidently manage your tax responsibilities while focusing on your business growth and personal financial goals.