Tax & VAT Compliance

Over the last years, the tax authorities are placing on measures to eliminate tax evasion and give more emphasis on indirect taxation. The global economic crisis has created the need for the Countries and their tax collection mechanisms to push their tax reform and seek for additional cashflow mainly from modifications in the direct taxes due to the fact that authorities have realized that by correctly managing these taxes their revenue position improves without significantly impacting the economy. Accordingly, the EU Members have been experiencing frequent amendments to the EU and consequently to their National Tax and VAT legislations.

 Based on the above, managing your tax obligations either on a personal basis or for your business is not an easy task. It can even be costly and the fines for failure to comply with the legislation may result in excessive penalties. The tax team of Paul & Co can offer compliance services covering both, corporate and personal taxation and develop tax strategies that will maximize tax benefits and ensure you meet all your on-going tax compliance obligations. We keep track of the changes in Tax legislation in order to be aware of any new tax obligations and opportunities may arise and inform our clients.


Our Tax and VAT Compliance services include the following:

  • Registration within the Inland Revenue Department, VAT Department, VIES and Intrastat
  • Preparation and submission of Corporate and Personal tax returns to the Inland Revenue
  • Preparation and submission of Annual Provisional tax declarations
  • Preparation and submission of VAT, VIES and Intrastat returns
  • Preparation and submission of Tax rulings and tax clearances

Audit & Assurance

Statutory Audits under International Auditing Standards (IAS), Special Auditing and Investigations are carried out upon request.

International Tax Planning

International Tax Planning and Structuring services, aiming to optimize the tax position of corporations and individuals.

Accounting & Payroll

Accounting and bookkeeping services, fully managed payroll services.

Business Advisory

Preparation of business plans, feasibility studies and assistance in raising finance with local banks, company valuations, due diligence engagements.

Tax & VAT Compliance

Income Tax, Corporation Tax, Capital Gains Tax and Value Added Tax for both local and international business entities.

Internal Audit Services

Internal Audit services, design and implementation of internal procedures, for performance improvement and identification of issues and deficiencies.

About Company

Paul & Co Audit Limited is an independent professional firm based in Nicosia, the Capital City of Cyprus, specialised in the fields of Accounting, Audit, Tax and Business Advisory Services.

Contact Details

  • 14 Strovolos Avenue, Myrtiana Court, Floor 2, Office 201, 2011 Nicosia, Cyprus
  • +357 22-783700
  • +357 22-783701
  • info@paulco.com.cy


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