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Direct & Indirect Taxation Services

Strategic Tax Planning & Compliance Solutions for Global Business

In the dynamic and ever-evolving global economy, managing tax obligations requires foresight, strategic planning, and proactive action. At Next Gen Accounting Cyprus (NGACY), we understand the complexity of modern tax issues, and our team of experts is here to provide comprehensive tax solutions to help businesses and individuals minimize tax exposure while ensuring full compliance with all legal and regulatory requirements.

Our Direct & Indirect Taxation Services Include

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Personal Taxation

We offer expert guidance on personal income tax, ensuring that you optimize your tax position while complying with local laws.

Corporate Taxation

From small businesses to large corporations, we assist in managing corporate tax obligations efficiently, helping you maximize profitability.

International Tax Planning and Structuring

For businesses with global operations, we provide strategic tax planning to minimize exposure across jurisdictions, ensuring compliance with international tax laws.

Tax Compliance

We ensure that all your tax filings and obligations are met in a timely and accurate manner, reducing the risk of penalties or audits.

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Transform your business administration with expert guidance. Our team at NGACY will help you navigate Cyprus’s corporate landscape and optimize your operations. Book a 30-minute discovery call to discuss your company’s specific needs and learn how we can support your success.

VAT Services

VAT Registration

We handle the entire process of registering your business with local authorities, ensuring full compliance with VAT regulations.

Local and International VAT Planning

Our team helps you develop an efficient VAT strategy, both locally and internationally, to minimize tax burdens and ensure proper reporting.

VAT Reclaim Process

We assist with the administration of VAT reclaims from EU countries, ensuring timely refunds and proper documentation.

FAQs

What is direct and indirect taxation?

Direct taxation refers to taxes that individuals or companies pay directly to the government, such as income tax and corporate tax. Indirect taxation, like VAT, is applied to goods and services, and is collected by intermediaries (like retailers) and passed on to the government.

How can NGACY help with personal taxation?

Our tax experts work closely with individuals to ensure compliance with local tax laws while identifying opportunities to minimize personal tax liabilities through strategic tax planning.

Why is international tax planning important?

Yes, our team offers tailored strategies for restructuring and insolvency processes, helping companies navigate financial challenges and protect assets while complying with legal requirements.

Can you help me reclaim VAT from other EU countries?

Yes, our team assists with VAT reclaims for businesses that have paid VAT on goods and services in other EU countries. We handle the entire reclaim process to ensure timely refunds.

How do you handle communication with tax authorities?

We liaise directly with the Inland Revenue Department on your behalf, managing all interactions and ensuring that any issues related to tax compliance are handled smoothly and efficiently.