CPV STORIES

A client had a tax refund of approximately 24 000 euros. CPV Audit team requested a tax refund from the Tax Department.

Unfortunately, the Tax Department denied it, claiming that certain profit and loss items were incorrectly taxed. Following the reject, our team made an appointment in the main Tax Department located in Nicosia to defend our client. On behalf of the client, CPV Audit presented all relevant information to the Head of Tax Department, demonstrating that the client's business activities are compliant with Cyprus Tax Law and that no illegal activity has been committed. The Head persisted in continued arguing. Our tax experts went through 3 further meetings in order to persuade the Tax Department. Finally, the tax commissioner agreed to accept our position with no tax adjustments for the client. The client had been refunded in full.

TAX REFUND: A CHALLENGING DISPUTE WITH THE TAX COMMISSIONER

Present the tax position of your company fairly and have competent professionals represent you in the eyes of the tax commissioner.

HOW WE HELPED

Following a thorough analysis of the case, we determined that our client had paid all applicable taxes and requested the refund, but was stuck in a challenging and time-consuming dispute with the Tax Commissioner, who halted the refund process.

We went through number of debate meetings in order to defend our client and persuade the Tax Department that the client's business activities are in accordance with Cyprus Tax Law. At the end, the client had been refunded in full.