Hey guys,
A couple of years ago I was looking into moving my business to Cyprus due to their taxation on IP but during that time they were in the middle of changing how the structure would work so I ended up going to another jurisdiction.
However, now when I looked, the new taxation system...
Cyprus tax authority requires private persons to maintain accounting books and records, if one's turnover exceeds 70K EUR. Does anyone have first-hand experience about fulfilling this rule? Do I just need to contact a bookkeeper to check my online brokers' accounts and prepare a report?
I...
I receive payments from non-EU customers online by cards to Paypal account. Then funds are withdrawn to Cyprus bank account. Goods are purchased from Hong Kong and China, shipped directly to customers to Non-Eu countries. I do not pay any VAT because goods are shipped from third country to...
I have a new cyprus company, with foreign benefeciary living abroad.
All reveue, all payments we have on bank account are advance payments. When we sell goods we charge fixed 5% commission. So it means that even if there are many funds on bank account, they are not actually profit but just...
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