Audit - Tax - Advisory

MILIMAR

INTEGRITY - PROFESSIONALISM - COMMITMENT

Audit - Tax - Advisory

MILIMAR

INTEGRITY - PROFESSIONALISM - COMMITMENT

MILIMAR

Welcome to our firm, Milimar, where we offer a wide range of professional services to help our clients manage their finances and achieve their business goals. Our team of experts specialize in audit, accounting, tax and advisory services, and we are committed to delivering high-quality solutions tailored to your specific needs.

Integrity

Adherence to financial reporting, auditing and ethical standards, laws and regulations

Professionalism

Customization of services based on our clients needs, always focused on successful results

Commitment

Dedication, loyalty, and perseverance towards our clients goals

Financial reporting

Our accounting services are designed to help you manage your finances effectively and efficiently, and to provide you with the insights you need to make informed business decisions. Our team can assist you with bookkeeping, financial reporting, cash flow management, and more.

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Audit & Assurance

Our audit services are designed to help you ensure that your financial statements are accurate and reliable, and that your business is in compliance with all relevant laws and regulations. We provide a comprehensive range of audit services including financial statement audits, compliance audits, and internal audits.

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Tax Compliance & Advisory

Our tax compliance and advisory services are designed to help you navigate the complex world of tax (direct and indirect) and business advisory, and to ensure that you are in compliance with all applicable laws and regulations. We can assist you with tax planning, preparation and filing of tax forms, as well as with tax audits and other tax and business advisory related matters.

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Transfer pricing

MILIMAR's transfer pricing services provide businesses with comprehensive solutions for managing their intercompany pricing and complying with transfer pricing regulations. Our team of experienced professionals can help you design and implement transfer pricing policies that are aligned with your business strategy and comply with tax laws and regulations.

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MILIMAR philosophy

Our philosophy and mission is to provide exceptional cost-effective services with the principal aim the adding value to our clients. We share our expertise with the aim to maximize the quality of services and provide highly-customized business solutions to our clients. Our members provide the best solutions for companies and individuals to achieve their goals that result to the minimization of their risk and maximization of their return.

Our MISSION is your SUCCESS

Your loyal business partner

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Articles & Publications

Newsletter - Analysis of Tax Department Circular 6.2023 - Milimar Ltd

The Cyprus Tax Department (“CTD”) issued a Circular on 6 July 2023 (the “Circular”), with retrospective effect as of 1 January 2022, introducing Minimum TP Documentation requirements and simplification measures regarding intra-group transactions which are below the threshold of €750,000 in aggregate per category of transaction per tax year. Furthermore, Optional Simplification Measures allowing the application of Safe Harbours have been introduced with regards to specific sub-categories of intra-group transactions, i.e., certain types of financing activity and low value-adding services, provided that adequate level of documentation is maintained.

Cyprus introduces all-new Transfer Pricing

Cyprus recently introduced all-new Transfer Pricing (TP) rules and reporting obligations that went into effect retroactively as of 1 January 2022. The new TP requirements for businesses were voted into law by the Cyprus House of Representatives on 30 June 2022 and were published in the Cyprus Government Gazette on 8 July 2022.

Notional Interest Deduction (NID) regime in Cyprus

During July 2015, Republic of Cyprus introduced the Article 9B in the Income Tax Law (ITL), titled, “deduction on new equity”. According to this new Article, with effect from 1 January 2015, Cyprus tax resident companies are entitled to a notional interest deduction (NID) upon the introduction of new equity employed in the production of taxable income.

Intellectual Property (IP) regime in Cyprus

Intellectual Property (IP) can be one of the most valuable assets of an organization. Therefore, choosing the appropriate regime/location for structuring the exploitation of IP assets is vital for an organization in order to achieve efficient business development, effective IP protection and maximization of tax saving