As part of the advisory process, we ask questions and pay attention to your responses. Rather than relying on off-the-shelf services that could loosely fit a...
We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
Change and ongoing transformation are fundamental requirements for success in the 21st century. The Grant Thornton Business Consulting team supports...
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
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Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
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While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
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Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
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As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
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Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
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Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
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We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
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Technology has transformed how we work, play, and do business. It has provided new solutions to old problems, disrupted traditional business models, and...
In all of our work our principal purpose is to preserve or create value for stakeholders. To achieve this, we utilise solutions that cover the following...
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If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
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We bring to the table our in-depth understanding of Cyprus immigration legislation and policies, coupled with long experience supporting corporate clients relocating non-EU staff to Cyprus, as well as entrepreneurs and executives moving with their families.
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In an era of rising digital threats, protecting the sensitive information and assets of high-net-worth families is paramount. In collaboration with our dedicated strong Cybersecurity and Data Protection team, we can help ensure the data security and privacy of your Family Office (employees and c-suite), family members and any staff supporting them, and also trusted associates.
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Grant Thornton Cyprus understands the regulatory landscape and works closely with clients to understand their strategy and benchmark their performance against...
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We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
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Energy and resources markets worldwide are undergoing major changes. With growing energy demand, developments in new forms of energy and the need to invest in...
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Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...
Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...
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Dynamic businesses need to move with speed and purpose if they want to capitalise on opportunities in hospitality and tourism. At Grant Thornton, we know...
Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...
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Ημερίδα Γνωριμίας με την Grant Thornton Κύπρου
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Life at Grant Thornton
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Unlocking the potential for growth in our local communities.
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Transfer Pricing Alert
Extension to the deadline for the submission of the 2022 Income Tax Return for persons that have an obligation to submit a Summary Information Table
On 23 February 2024, a Decree was published in the Official Gazette of the Republic, extending the statutory deadline for the submission of the Income Tax Return for the tax year of 2022 from 31 March 2024 to 30 November 2024.
It should be noted that the aforementioned extension applies only for entities that have an obligation to submit a Summary Information Table (“SIT”).
In detail
Following the decision published from the Council of Ministers, the deadline for the electronic submission of the Income Tax Return (T.D.4 form) for the year 2022, for entities that have an obligation to submit a SIT, has been extended from 31 March 2024 to 30 November 2024.
To this extend, the deadline for the preparation of all relevant Transfer Pricing Documentation for the tax year of 2022, for entities exceeding the designated thresholds, as these are defined in Article 33 of the Income Tax Law, is also extended to 30 November 2024.
We would like to highlight, that the deadline for the submission of the Income Tax Return for the tax year of 2022 for persons that do not have an obligation to submit a SIT, remains on the 31 March 2024.
Our Comments
The extension aims to alleviate any potential burden or challenges faced by taxpayers in meeting their obligations within the original timeframe. We advise all affected persons to review their obligations and ensure compliance within the revised deadline. Failure to comply with the extended deadline will result in the imposition of penalties.
Our team remains at your disposal for any assistance that you may require.
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