Taxation is a highly complex issue and always changing. GNI provides services specifically for individuals and companies designed to ensure compliance with the prevailing regulations whilst identifying all possible opportunities for making savings.

At GNI we take a practical and long sighted approach, planning well in advance to maximise benefit and minimise risk wherever possible. Compliance is just the first step, we challenge prevailing tax wisdom constantly, seeking innovative solutions to the most complex tax problems. We have become an essential asset for our clients who trust us to uncover all the angles in the pursuance of their personal or business objectives.

The Tax Challenge Today

The tax regime has become increasingly more complex with increased reporting obligations for businesses, more emphasis put on individuals responsibilities and with harsher penalties all round for non-compliance. Obviously the right strategies can make quite fundamental differences to your total liability, but only if they are implemented effectively and constantly reviewed. Everyone who is subject to taxation should seek professional advice and support to optimise their tax position and ensure they meet all the compliance requirements. Quite simply – efficient tax planning can result in significant savings of tax, whereas insufficient preparation can result in unexpected liabilities.

Corporate Tax Services

By understanding what you want to achieve and how your business works, we can provide the sound, efficient tax advice that you need to build the value of your business and protect your assets.

We offer a range of services to help you meet your tax obligations:

• Assistance in preparing tax provisions for financial statements
• Preparation of tax computations and company tax returns
• A review of tax provisions for management and reporting purposes
• Advise on the amount and the timing of your tax payments.

Personal Tax Services

Our service will ensure an efficient and effective management of our clients' personal tax obligations. GNI's staff and independent financial advisors will work closely together to provide you with professional, up to date knowledge that will help you achieve your financial goals.

We offer a range of services to help you meet your tax obligations:

• Preparation of tax computations and tax returns
• Income tax and capital gains tax planning
• Assistance with enquiries from the Inland Revenue
• Advise on the amount and the timing of your tax payments.

VAT and Indirect Tax Services

VAT is one of the most complex taxes encountered. Getting quality, independent advice is critical to minimise VAT liabilities. GNI can provide the specialist practical as well as technical knowledge to address any VAT matter. We will work closely with you to provide timely and cost effective solutions to problems.

We provide advice and support to help you with:

• Ensuring that correct and timely procedures for VAT are in place, advising on areas of savings and changes to internal procedures for cost-efficiency
• Minimising tax liability
• Negotiations with the relevant authorities
• Completion of quarterly returns

International tax planning

In the age of globalisation, the application of double tax treaties becomes even more important. All businesses seek tax efficient planning, in order to minimise their tax burden, take full advantage of all the tax benefits available to them and maximise shareholder value.

GNI provides advice on a broad range of tax issues and offer international tax planning solutions.

By understanding what you want to achieve and how your business works, we can provide timely, accurate and up-to-date advice on:

• The use of Cyprus tax resident companies in international tax planning
• The use of double tax treaties in international tax planning
• The structuring of overseas operations
• The efficient repatriation of funds