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 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 tax deductibility of administration expenses and loan interest expense, to comment on tax residency and management and control issues and to analyze the CFC rules in Cyprus and withholding of taxes in Cyprus on dividend and interest payments.