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.