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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Privacy and Data Protection
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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Governance, Risk and Compliance (GRC)
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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SOC 1,2,3
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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Incident Response
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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At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
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Cyber Health Check
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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We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
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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Insolvency
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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In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
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Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
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Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
Outsourcing your operations and specific business functions to Grant Thornton can not only cut costs, but also bring new insights and experience to your...
Our Financial Services Advisory team provides market-leading risk, advisory, project management and consulting services for the largest and most important...
Grant Thornton Cyprus understands the regulatory landscape and works closely with clients to understand their strategy and benchmark their performance against...
View our risk and compliance services.
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At Grant Thornton, tax is a key part of our organisation and our award-winning teams can offer you a range of solutions, whatever the size of your business or...
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Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
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We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
At Grant Thornton Cyprus’ AI and Data Lab, we help businesses unlock the hidden value of their data, empowering them to make smarter decisions, innovate...
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...
We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...
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We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
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A government bill passed, to offer tax credits to landlords as an incentive to lower rents to help tenants who find themselves in financial difficulty due to lockdown against COVID-19.
A tax credit equal to 50% of the rent reduction will be available when the landlord reduces the rent for a period of up to three months by 2020. To become eligible for the tax credit, the monthly rent reduction should be between 30% and 50%.
Furthermore:
- the tax credit will be granted for a reduction of rents relating to a period not exceeding three (3) months which falls within the tax period 2020 regardless of the agreed months for which the reduction will apply
- a written agreement between the owner and the tenant for the rent reduction should be made
- the credit will not be granted in the case that the owner and the tenant are connected persons as defined in Article 33ˑ
- the tax credit may be used against the total tax resulting for the tax year 2020.
- any refundable tax resulting from this credit, cannot exceed the amount of tax paid.
Example
If a tenant pays €1,000 in rent per month, and the landlord reduces it by half, then, for the three months (e.g. for June, July and August), the tenant will pay €1,500 instead of €3,000 for these three months.
The landlord will be eligible for a tax credit of €750, which is half of the rent reduction.
Also appears under...