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EY Tax Conference Tackles Recent Tax Developments that Concern Cypriot Companies

EY Tax Conference Tackles Recent Tax Developments that Concern Cypriot Companies

EY Cyprus hosted its Tax Conference, on Recent tax developments:  EU Anti-Tax Avoidance Directive, Transfer Pricing, VAT and Personal Taxation, at the Carob Mill in Limassol and Hilton Park Hotel in Nicosia, on Thursday, 11th and Friday 12th April 2019 respectively.  The conference brought together Cyprus government tax officials, C-suite executives from leading multinational companies and Russian groups, EY Cyprus and Greece partners and directors.  More than 300 delegates attended in total, to hear about the latest updates on the changing tax landscape.

Amongst its distinguished speakers, the Conference featured presentations by local EY Tax experts as well as experts from EY Greece. Specifically, Petros Krasaris, Head of International Tax and Transfer Pricing Services, presented the Anti-Tax avoidance directive, discussing the new interest limitation rules, CFC rules and other developments. Charalambos Palaontas, Transfer Pricing Services, EY Cyprus, Christos Kourouniotis, Head of Transfer Pricing Services and Georgia Grigoriou, International Tax services, both from EY Greece presented the topic of Transfer pricing. The three discussed new the transfer pricing legislation in Cyprus as well as transfer pricing of financial transactions and substance. George Liassis, Head of Indirect Tax Services, took on the topic of VAT giving the latest update on VAT optimization opportunities for holding and financing companies. Lastly a presentation on the topic of personal taxation was delivered by Petros Liassides, Head of Personal Taxation Services, where he presented an update on taxation of benefits in kind as well as contributions to the General Healthcare System.

During his welcome speech, Philippos Raptopoulos, Tax and Law Leader of EY Cyprus commented: “With the global and EU developments affecting Cyprus’ Tax environment after 2013, there are quite a few clouds standing over Cypriot companies. Our team of 120 Tax and Legal professionals is ready to support our clients with all their compliance needs and transparency requirements to ensure the are able to weather the storm.”

 

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