Favorable tax and other incentives have played an important role in the development of Cyprus as an international shipping and shipmanagement centre. The different tax and VAT rates applicable to different types of revenue and profits arising from shipping and shipping related activities can sometimes complicate matters.
Additionally there is a need for an international tax planning strategy to ensure tax opportunities are identified and risks are properly managed.
How can PwC help
PwC can assist in establishing clarity around the taxation issues relating to the organization and develop tax policies and strategies who capitalize on the opportunities available and managing the associated tax risks.
