Tax Advisory & Compliance
direct tax due diligence

Our Work

At the request of a Big 4 audit firm based outside Cyprus, we proceeded with a direct tax due diligence on a Cyprus company’s’ activities involved with investing and financing activities for the period of 2019-2021.

The scope of our work was, among others, to comment on the status of tax filings and payment of taxes, the company’s obligation to prepare a transfer pricing study on intragroup financing activities and guarantee services, to analyze the tax deductibility of administration expenses and loan interest expense, to evaluate the company’s eligibility to utilize tax losses carried forward and claim treaty benefits and to comment on tax residency and management and control issues.