Press release

31 Mar 2021 Nicosia, CY

EY Cyprus participated in the 4th Cyprus International Tax Conference

Press contact
EY Cyprus

Multidisciplinary professional services organization


EY Cyprus has once again supported and participated in the 4 th Cyprus International Tax Conference, which was organised by IMH on Tuesday March 30 th.

The conference, which was held online, addressed the most recent trends and developments in taxation across Europe and the globe. Distinguished speakers from the local market and abroad shared their knowledge and views on recent tax developments and various topics of concern to international tax professionals. The audience included professionals and senior executives from, among others, accounting, audit and tax firms, financial and corporate service providers, law firms, investment firms, regulators and governmental authorities.

EY was represented at the event by three speakers:

Ronald van den Brekel, EY Global Transfer Pricing Market and Innovation Leader, presented the topic Transfer Pricing: Pillars 1 & 2, focusing on transfer pricing related aspects of the BEPS inclusive framework project.

Philippos Raptopoulos, Partner and Head of Tax and Legal Services at EY Cyprus, participated in a panel discussion, titled The Future of Cyprus as an International Business Centre. Panellists discussed, among others, the future of the professional services sector in Cyprus, growth prospects of tax advisory departments, the current offering of tax services to international clients, and potential new opportunities and current challenges facing tax professionals.

Finally, Petros Liassides, Partner, Tax Services at EY Cyprus, who participated in his capacity of the Chairman of the Tax Compliance Committee, Institute of Certified Public Accountants of Cyprus, participated in a panel discussion titled The Cyprus Reality and the Way forward. The discussion covered topics including the current state of the Cyprus taxation system, recent tax policy changes and effects, the impact of digital innovation and the future of Cyprus taxation.

Commenting on the conference, Philippos Raptopoulos stated: “Cyprus, in its effort to become an international business centre, should offer, among other things, a flexible and attractive tax system. While it is imperative for the tax system to be compatible with the new tax rules that will emerge as a result of the global tax reform, which is expected to be completed within 2021, it should remain competitive, just and sustainable. Finally, the continued training and education of staff is a necessary component for the proper and efficient operation of the Tax Department.”

-ends-

 

EY Cyprus - 4th Cyprus International Tax Conference (in Greek)

 

For more information, please contact the EY Cyprus

Email: Irene Charitou

Contact number: +357 22209999

Notes to Editors

About EY

EY | Assurance | Tax | Strategy and Transactions | Consulting
EY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organisation, please visit ey.com