Kinanis LLC prepared a Tax/VAT Memo for a Cyprus company involved with IP licensing and payment processing activities.  The purpose of the Memo was to analyze any applicable tax regime in Cyprus for companies involved with this type of activities, the VAT treatment on the provision of IP licensing services to clients based in EU, the tax treatment of income generated from company’s activities including analysis of withholding taxes on royalty payments in accordance with the double tax treaty agreements and the EU Directive.