08.21
Tax Advisory & Compliance
Tax Ruling

Our Work

We have prepared and submitted a request for a tax ruling for a Cyprus tax resident company, with main activities the holding of subsidiaries and governing financial, investing and operating policies of the group of entities engaged in production and trade of carbon and graphite products.  The company proceeded with the acquisition of different types of marketable securities and the purpose of the tax ruling was to confirm with the Tax Authorities that the type of income to be generated by the company will be treated as a trading income, thus taxed under the Income tax Law, and not an investment income. We have proceeded with the analysis of badges of trade in order to support our view and we have successfully received a positive tax ruling for our client.