1 Audit & Assurance

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Our firm performs statutory audits in accordance with the ISA and in reporting under the IFRS. All key members of our firm are qualified and have considerable experience in a wide range of markets. Our provision of services are listed below:

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• Statutory audits under International Standards on Auditing (ISA) and under the IFRS

• Audits of component and consolidated financial statements

• Independent Auditors Reports

• Assurance reviews

• Internal audit

• Due Diligence services

• Audit of computerized systems and evaluation of internal controls

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PM AudiTax Ltd is authorized under the Cyprus Companies Act to audit companies and submit their financial statements to the relevant authorities. We are also authorized to submit financial statements to the Income tax office and to the Registrar of Companies. 

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PM AudiTax Ltd provides the highest quality on a timely and efficient manner with professional competence.

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2 Accounting Services

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Our team of highly experienced professionals are providing a wide range of accounting and book-keeping services to our clients in different industries.

 

Some of them are listed below:

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• Maintenance and book-keeping of accounting records

• Preparation management accounts

• Preparation of budgets and cash flow forecasts

• Preparation of financial statements in accordance with International Financial Reporting Standards

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We tailored our accounting services always based on the needs of our client.

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3 VAT (Value Added Tax)

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Value Added Tax (VAT) is an EU indirect tax which is complicated tax for those outside the EU. However, we are well qualified to help clients with all their cross-border and other EU challenges.

 

Compliance and advice on VAT services:

• VAT Registration

• Preparation and submission of VAT Returns and VIES (sales lists)

• Cyprus transactions

• European cross-border transactions

• Acquisition of goods and services

• Specific transactions such as triangular trade, distance selling, electronic services, VAT recovery, etc.

• Issues relating to financial services, companies with mixed supplies, real estate, etc.

• VAT reviews

• Advisory support during VAT investigations

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4 Payroll

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Our team of highly experienced professionals who are specialized in the preparation of payroll of our clients as follows:

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• Preparation and processing of monthly payroll 

• Payments of tax & social insurance contributions 

• Submission of monthly and annual tax returns  

• Preparation of Certificate of Yearly Emoluments

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5 Tax Advisory

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Is your business is tax efficient?

 

All successful companies consider the tax implications in their business environment before they take into consideration their business decisions, in order to not pay more tax rather than their legal obligation. This leads to an international tax compliance, consulting, and structuring of a crucial element in your global strategy.

 

Cyprus is a well-known an international financial centre for many years which many foreign investors prefer to use Cyprus companies for their international business. We provide tax compliance, tax advisory and tax restructuring to support the foreign corporations and individuals.

 

Tax Services

• Compliance and advice on Cyprus transactions for companies and individuals

• International tax planning

• Tax reviews

• International corporate structuring

• Advice on cross-border transactions

• Expatriate and migrant planning

• Trust and estate planning

• Cyprus Company Taxation

• Individual tax rates

• Special Defence Contribution

• Company Reorganizations

• Value Added Tax (VAT)

• Capital Gain Tax

• Double Tax treaties

• Profit from Shipping Activities

• Immovable Property Tax

• Social Security Contributions

• Transfer fees for Immovable Property

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6 Company Formation

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In collaboration with our legal associates we advise and assist you with the incorporation of a company in Cyprus or in any other jurisdiction in the world such as offshore, non-offshore and free-zone companies.

Cyprus Company is used as a vehicle in order to get benefit from the tax incentive regime of Cyprus as well as its wide network of Double Tax Treaties. We will undertake the entire process to set up your company tailored to your needs, either by using a “shelf company” available to you within 24 hours, or by incorporating a new one within 5 working days. 

Bear in mind that a shelf company is a company which was incorporated in the past. The benefit of using a shelf company is that offers a history to your company, offers the flexibility of commencing immediately your business transactions and also has the credibility of an older company where the credibility always influence the business relationships.​​

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7 Banking Services

In cooperation with our associates, we advise you and assist you to tailor your banking solution (i.e. Private Banking , International/Commercial Banks) based on your needs. 

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