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Income Tax, Value Added Tax, Corporation Tax, it seems that wherever we live in the world, there’s nothing more inevitable than taxes. Unfortunately, the world of tax is a pretty complicated one. All taxes have their own rates, rules and regulations, and these are liable to change. A lack of knowledge is no defence for an unpaid tax bill or wrongly filed accounts, so the onus is on you to ensure your accounts are in order and your taxes are paid correctly. 

 

The law requires you to have your tax affairs in perfect order

 

For most business owners, taxes and accounts are a secondary issue. You’re thrust into the role of accountant in order to ensure your business is running legally. As anyone who has ever started up a business will know, there’s a lot to learn, and it’s so important to get it right. When you think of the potential consequences, it can be very daunting and cause a great deal of concern. Fail to keep the right records and you could end up being investigated for tax fraud. Even if this was unintentional, your reputation in the business world, with your clients or customers, will be damaged, and that kind of association is very hard to lose. We don’t wish to scare you, but it is a legal requirement to declare all your earnings and prove your business turnover, and failure to keep your records properly, and to submit the right information to the relevant places at the correct time can result in large fines and even prison sentences. Tax is certainly a serious business. 

 

You could be missing out on tax breaks you’re entitled to

 

On the flip side of the coin, you could well be paying more tax then you really need to and that’s a huge shame. It’s interesting to consider that hiring a company to help you with tax could actually save you more money than it costs you to hire the tax advisory company! Just as there are many rules regarding the taxes you have to pay, there are also lots of ways in which you can save tax, with a variety of schemes and incentives and a wide range of expense claims options that you may have overlooked. 

 

Global tax implications can be overwhelming

 

Many businesses struggle on with their taxes alone until they hit a critical point where it just makes sense to outsource the accounting and tax problems and get rid of the headache. This tipping point often arises when a business begins to move outside of the home market and begin trading globally. Nowadays, global trade is increasingly easy and so this is a common occurrence. It makes sense for businesses to set up companies in a variety of countries to establish a presence there, but the tax implications then suddenly become increasingly complicated. 

 

Reduce risk, boost profits 

 

By employing the services of our highly skilled tax advisors you can rest assured that all your tax obligations will be met, but you’ll never pay more than you have to. All the intricacies of the tax systems of different countries and any changes to them are constantly monitored so we’re always on the ball. Get in touch today to find out more. 

VAT or Value Added Tax is perhaps one of the most complicated taxes you’ll have to deal with. The rates and rules differ from country to country, and the details of this tax change regularly. For EU businesses, it is important to keep ahead of these changes, as you’ll need to know immediately should there be a rate change in your country, or a country you do business with. For businesses outside of the EU, dealing with businesses within Europe, VAT can seem incredibly complex and hard to fully understand. If your company solely conducts business within your own country, such as within Cyprus, then VAT is enough of a complication, but when you begin to take into account trading across countries, with differing rates of VAT, the complexities massively increase. Yet, however challenging it may be, you always have the option of allowing Globalserve to take the stress away from you and manage all your VAT issues with a comprehensive range of VAT services. 

 

A closer look at VAT in Cyprus

 

Of course VAT regulation and rates differ from country to country, but as we are based in Cyprus, as are many of our clients, here is some information regarding VAT within this jurisdiction. As part of the EU single market economy, Cyprus is governed by EU VAT rules with directives being issued by the EU. VAT in Cyprus was first introduced in 1992 and the rate is currently 19% except for a few exceptions such as a reduced rate of 9% for some tourism related services such as accommodation and a lower rate of 5% for some items such as food for animals and medication.

 

The threshold at which you much legally become VAT registered in Cyprus is currently set at €15,600 (annual). Becoming VAT registered can be a little time consuming, but it is necessary if you have reached the threshold. We can help you through the entire process which should be completed within around four to six weeks. 

 

Once VAT registered, you’ll be obliged to keep very specific records with regards to your accounting. This may mean a change in your own methods, additional work for yourselves, or perhaps this would be a good time to hand your accounting over to a third party company such as Globalserve. We can look after your accounts, deal with any VAT issues, leaving you to get on with running your business. 

 

We offer VAT services to businesses worldwide, so don’t hesitate to get in touch if you have any questions or require more information regarding our services. Our expert accounting and VAT team are fully knowledgeable regarding all aspects of VAT and global accounting practices. 

 

Don’t hesitate to get in touch 

 

If you have any questions at all, do get in touch. We can advise you on all aspects of accounts, VAT and other taxes. Call or email us, or find more information regarding the extensive range of services we offer on our website. 

Are you a talented and high motivated young person with ability to work to a fast growing and Digital Marketing company? If your passion is to create new material attractive to the others and working closely with people around you offering quality then send us your CV!
Globalserve is looking to hire a Content and Social Media executive/ specialist/ manager on behalf of our client for its headquarters in Limassol. Our client is a successful and highly reputable Digital Marketing provider worldwide looking to expand it’s services and online presence.

Your main role:

You will be responsible to administer our social media accounts, creating original text and content, managing posts and responding to followers. You will manage our company image in a cohesive way to achieve our marketing goals.

As a Social media manager, we expect you to be up-to-date with the latest digital technologies and social media trends. You should have excellent communication skills and be able to express our company’s views creatively.

Ultimately, you should be able to handle our social media presence ensuring high levels of web traffic and customer engagement.

Your Responsibilities:

  • Perform research on current benchmark trends and audience preferences
  • Design and implement social media strategy to align with business goals
  • Set specific objectives and report on ROI
  • Generate, edit, publish and share engaging content daily (e.g. original text, photos, videos and news)
  • Monitor SEO and web traffic metrics
  • Collaborate with other teams, like marketing, sales and customer service to ensure brand consistency
  • Communicate with followers, respond to queries in a timely manner and monitor customer reviews
  • Oversee social media accounts’ (e.g. Facebook timeline cover, profile pictures and blog layout)
  • Suggest and implement new features to develop brand awareness, like promotions and competitions
  • Stay up-to-date with current technologies and trends in social media, design tools and applications

 

Requirements

Good to have Social Media Manager skills:

  • Proven work experience as a Social media manager
  • Hands on experience in content management
  • Excellent copywriting skills
  • Ability to deliver content
  • Solid knowledge of SEO, keyword research and Google Analytics
  • Knowledge of online marketing channels
  • Excellent communication skills
  • Analytical and multitasking skills
  • BSc degree in Marketing or relevant field
  • Excellent knowledge of verbal and writing English language 

To apply for this position, please email your CV to the following e-mail address Адрес электронной почты защищен от спам-ботов. Для просмотра адреса в вашем браузере должен быть включен Javascript. or call us  for further information at 25 206 931

**Due to the high volume of applications we receive only shortlisted candidates will be contacted.

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CYPRUS TAX CALENDAR 2023 IN ENGLISH & GREEK