News & Views

VAT Treatment of Vouchers and Updates relating to Telecom / Electronic Services – Courtesy of EY

Significant Amendments affecting a number of Cypriot businesses The Cyprus House of Representatives passed amendments to the VAT Law as well as issued Regulations which set out the changes in the VAT treatment of vouchers as well as telecommunication and electronically-supplied services to end users. As per the law and in line with the EU […]

EY Seminar – Certifying VAT Knowledge and Application of VAT Provisions

Further to high demand for our VAT Course already held twice both in Nicosia and Larnaca, EY Cyprus will be presenting this active learning session on the practical application of the VAT provisions subsidised by HRDA and accredited by Cyprus Bar Association. This time the VAT Course will take place in Paphos at Annabelle Hotel on 12 & 18 July 2019.

EY Seminar – Certifying VAT Knowledge and Application of VAT Provisions

Further to high demand for our VAT Course already held twice both in Nicosia and Larnaca, EY Cyprus will be presenting this active learning session on the practical application of the VAT provisions subsidised by HRDA and accredited by Cyprus Bar Association. This time the VAT Course will take place in Paphos at Annabelle Hotel on 12 & 18 July 2019.

Deloitte Academy workshop – “Transfer Pricing: Principles and Implementation Considerations”

November 27 @ 1:30 pm – 5:00 pm. AJAX Hotel, Georgiou Neophytou Street Mesa Geitonia, Limassol, Cyprus. The Deloitte 2018 Direct Tax update is ideal for individuals that would like to get-up-to speed with the latest tax developments both locally and internationally. Don’t miss the opportunity to listen to Pieris Markou (our Tax and Legal Services Leader) and Michael-Aris Michaelides (Director in the Deloitte Tax and Legal Services Department) sharing their understanding of the most significant tax law amendments that took place during 2018. More specifically the event will cover and outline the changes in the Tax laws during the…

Cyprus – Kazakhstan tax treaty signed and published – Courtesy of Deloitte

On 15 May 2019, Cyprus signed a tax treaty with Kazakhstan which was published in the Gazette on 24 May 2019. This is an important development as Kazakhstan is the 9th largest country in the world, the largest of the former Soviet republics (excluding Russia) and a growing economy. The tax treaty is based on […]

UCLAN Roundtable Discussion – The Cyprus Banking Reform: An opportunity to refine the Banking System?

The School of Business and Management of UCLan Cyprus is pleased to announce the organisation of a roundtable on the current Cyprus Banking Reform, to be held on Wednesday, 5 June 2019 from 19:00 (18:30 for registrations) to 20:45 at Richard Ballroom, Lanitis Carob Mill Complex in Limassol.

Deloitte Academy workshop – IFRS 16 Leases – ENGLISH Language

November 27 @ 1:30 pm – 5:00 pm. AJAX Hotel, Georgiou Neophytou Street Mesa Geitonia, Limassol, Cyprus. The Deloitte 2018 Direct Tax update is ideal for individuals that would like to get-up-to speed with the latest tax developments both locally and internationally. Don’t miss the opportunity to listen to Pieris Markou (our Tax and Legal Services Leader) and Michael-Aris Michaelides (Director in the Deloitte Tax and Legal Services Department) sharing their understanding of the most significant tax law amendments that took place during 2018. More specifically the event will cover and outline the changes in the Tax laws during the…

Deloitte Academy workshop – IFRS 16 Leases GREEK Language

The new lease standard establishes a new accounting model for lessees by eliminating substantially all off-balance sheet accounting for leasing transactions. Lessor accounting is largely unchanged compared to IAS 17.
IFRS 16 might affect key metrics, decisions such as lease or buy and might extend to affect negotiations of lessees with lessors and other lenders. Budgets, management reports and other areas in the operational side of an entity may be affected. Awareness of the standard is important for parties at either side of the contract.
Our IFRS 16 Leases seminar is addressed to corporate organizations that would like to be able to interpret the IFRS 16 requirements and understand the commercial and operational implications that the accounting for leases might have.

Updates on Benefits in Kind – Courtesy of EY

The Tax Department issued two interpretative circulars providing certain clarifications with regard to the Informative booklet on Benefits in Kind which was issued in October 2018. The first circular provides clarifications regarding the below provisions included in the Informative booklet on BIK: Paragraph 2.3 of Informative booklet on BIK – Keeping of Records The Tax […]