TAX updates 2021-2022

19 October 2022 | 9:00 a.m. – 12:15 p.m. | 3 CPD | KPMG Nicosia

19 October 2022 | 9:00 a.m. – 12:15 p.m. | 3 CPD | KPMG Nicosia

Tax Updates

Seminar’s overview

This seminar is designed for participants who wish to be informed of the tax changes and developments which occurred over the past or current year. Tax Circulars as well as expected changes will be presented amongst others, through practical examples by Board Members of the Direct Tax department of KPMG Cyprus, who will also share their experiences in dealing with important tax issues.

At the end of the seminar, participants will be informed of the recent or upcoming tax changes for compliance purposes and for the preparation of their company’s tax return in accordance with Tax Laws and relevant Tax Circulars.

Seminar's goals

By the end of the seminar, participants will be able to:

  • explain the risks that may arise from the erroneous application of the tax legislation
  • name the proper way of handling the tax affairs of their company
  • acknowledge recent tax changes and describe the legislation
  • demonstrate the proper way of handling their tax compliance tasks (e.g. meeting various deadlines regarding tax payments and submission of tax forms)
  • apply the new amendments in Legislation
  • encourage the application of tax compliance and the constant update on recent tax amendments.

Participants

The seminar is suitable for CEOs, CFOs, accountants and tax consultants who apply in practice the provisions of Cyprus Tax Legislation.

Agenda

1. Assessment and collection of taxes law – Updates (30 min)

  • Changes/amendments in legislation
  • New tax circulars
  • Expected developments

2. Corporate income tax – Updates (30 min)

  • Changes/amendments in legislation
  • New tax circulars
  • Expected developments

3. Special contribution for defence – Updates (30 min)

  • Changes/amendments in legislation
  • New tax circulars
  • Expected developments

4. Capital gains tax law – Updates (30 min)

  • Changes/amendments in legislation
  • New tax circulars

5. International tax – (Updates 1 hr)

  • Transfer pricing: new laws and regulations as from 2022
  • Double tax treaty developments: 2021 to date
  • Other international tax developments

Registration

If you wish to register for the seminar, please complete the registration form.

Once your registration is submitted, you will receive an email stating the participation fee, including any discounts, if applicable. Kindly note that the payment should be settled at least two days prior to the seminar’s date for your registration to be confirmed.

If you do not receive our confirmation e-mail regarding your registration, your participation cannot be guaranteed.

Cost

€110 + VAT
 

Discounts available

  • For more than two (3+) participants from the same company a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enrol in the same seminar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
  • For individuals/legal entities who/which register in more than two (3+) seminars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enrol in more than two (3+) seminars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
  • There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable. For more information on our alumni scheme, click here.
  • There is a 10% early bird discount on selected seminars for participants who enrol in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.
  • This training belongs to a bundle along with the seminar titled “DAC 6: Cyprus implementation & practical guide ”. There is a 10% discount on the registration fees of the seminar with the highest price (“DAC 6: Cyprus implementation & practical guide”) for individuals/legal entities who/which register the same participant(s) for both trainings of the bundle within the same day. Kindly note that this discount applies if the same participant(s), attend(s) both trainings. If a legal entity wants to buy the same bundle for additional participants then the specific bundle can be bought more than once, and each participant will be entitled to the discount of the specific bundle. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable. 
  • HRDA subsidy for all HRDA approved seminars. 


Contact

For any queries, please contact Irini Avraam on +357 22 207 460 or at academy@kpmg.com.cy.

CPD: This seminar may contribute to Continuing Professional Development requirements. At the end of the seminar participants will be given a certificate of attendance confirming the total number of training hours (3 CPD).

Trainers

Katerina Papanicolaou
Board Member, Direct Tax services, KPMG in Cyprus

Katerina graduated with a bachelor’s degree (Hons) in economics from the University of East Anglia in the UK. She is a Fellow Member of the Association of Chartered Certified Accountants (FCCA) and an ADIT graduate. Additionally, she is a member of the Institute of Certified Public Accountants of Cyprus (ICPAC) and a certified “Trainer of Vocational Training” by the HRDA.

Katerina joined KPMG in Cyprus in 1995, where she worked in the Audit department prior to moving to Tax Services. Her portfolio of clients consists of companies listed in the Cyprus Stock Exchange, as well as medium and large companies, both local and international.

Katerina possesses experience in the Investment, Real Estate, Insurance and Retail industries. She is experienced in direct tax compliance services and actively participates in assisting clients during their tax examination by the Tax department, for identifying and settling their tax liabilities.


Christiana Loizou
Senior Manager, International Tax, KPMG in Cyprus

Cristiana is a Senior Manager in the International Business department of KPMG in Cyprus and is responsible for International Tax and DAC6 services.

In addition, Christiana is a fellow member of the Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Public Accountants of Cyprus (ICPAC) with fifteen years post qualification experience. She also holds an MBA degree from the Cyprus International Institute of Management (CIIM).

Christiana is a tax expert with fifteen years of experience in international and local taxation, corporate compliance and business advisory services to multinational corporations and high-net worth individuals. Over the last five years she specialises in International Taxation and participates in several tax sub-committees of the Cyprus Institute of Certified Public Accountants (ICPAC) in relation to tax matters.
 

Volodymyr Serdechniuk
Senior Manager, Transfer Pricing, KPMG in Cyprus

Volodymyr is a graduate of the Taras Shevchenko National University of Kyiv, holding a master’s degree in Mathematics.

Volodymyr has more than 8 years of experience of transfer pricing practice in four different countries. During his tenure, that started in 2014, he was in charge of more than 100 transfer pricing engagements serving local and multinational enterprises from all major industries on various topics, from fulfilling compliance obligations to establishing efficient intragroup pricing policies.

Volodymyr advises clients from more than 10 different countries. One of his major projects includes advising a major multinational company in relation to concluding a bilateral advance pricing agreement.

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