Managing Tax Risks and Facing the Challenges of International Taxation

Unfortunately, for a variety of reasons, tax matters are often not dealt within a systematic way. There may be no clear tax strategy in place; any tax objectives or related policies or manuals; or the tax function itself may be poorly organised. As a consequence, tax opportunities may be lost and risks are identified too late. Cyprus tax regime offers many advantages to shipping and port companies both due to the incentives given for shipping companies and to the advantageous double-tax treaties Cyprus enjoys with various countries.

How PwC can help you

Through our shipping and ports industry experience and expertise we can help you realise the best services and solutions to some of the key tax challenges:

• Optimise your worldwide tax position by taking a global view of your business.
• Manage the many company and employee taxation risks associated with cross-border operations and employment.
• Develop a company's global tax strategy and design a tax risk management model.
• Assess tax risks in M&A situations.
• Enhance control of your compliance globally.
• Lower the cost of capital.