ΠΕΡΙΓΡΑΦΗ

Economic substance is a doctrine in international tax law. It states that economic transactions are valid only if they have a purpose apart from reduction of tax liability. To put it simply, a company must show that it is carrying out activities in a specific country to set up an economic substance.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Participants will gain Knowledge:

1. regarding the importance of substance, management, and control in Cyprus Companies.
2. regarding the contents of the substance, management and control test
3. regarding the Cypriot regulatory provisions
4. regarding the case law relating to management, substance and control.
5. regarding the substance risk factors.
6. regarding inland revenue approaches in Cyprus and abroad.
7. regarding the new European approaches to substance and control.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Lawyers
• Advocates
• Trainee Lawyers
• Corporate Administrators
• Paralegals
• other Professionals

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Why this seminar is important for you?

Participants will gain the skills:

1. to apply the substance, management and control test – both in theory and in practice.
2. to analyse the management and corporate governance of client companies and identify any risk factors.
3. to implement policies and procedures and to better advise clients in relation to challenges relating to substance, management and control.  
4. to identify the problems relating to dual residency of clients.
5. to better advise and protect clients from the challenges ahead relating to the ATAD-3.