A client asked CPV Audit team for consultancy on the taxability of his company's profits.
The client was skeptical about the fact that his attorneys and tax advisors convinced him not to pay any taxes since his company were trading entitles, such as bonds, shares, etc. CPV Audit reviewed company documentation and its operations’ specification. The client achieved that the company provided shares, bonds, and a variety of other titles. Following the record, we requested to inspect the legal documents of these titles' purchases and sales. During the titles investigation, our tax experts found that many of the titles that the client accurately identified as titles were actually non-taxable trade titles for Cyprus Tax Authority.