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In recent years, the Organisation for Economic Development (OECD) has promoted the implementation of measures at both international and domestic level which discourage the misuse of tax treaties.
The European Union and many countries at domestic level, have introduced tough anti-avoidance measures to prevent the movement of taxable profits from high-tax states to those with little or no corporate taxation.
The Base Erosion and Profit Shifting (BEPS) action plan (launched by the OECD in 2013 and being implemented during 2016) will mean that greater substance is required when seeking benefits under double taxation treaty provisions.
Additionally, greater tax transparency and information exchange means that clients need to structure international businesses correctly – and should seek the help of experts.
Jordans Trust Company can offer advice on structuring international operations, as well as refer our clients to partners in other jurisdictions where they may be looking to carry out an economic activity.
Should you need any advice on international tax structuring or our Cyprus corporate or trust services, please complete the enquiry form and one of our Corporate and Trust Planning Consultants will contact you shortly.