ΠΕΡΙΓΡΑΦΗ

The tax environment is continually evolving, and for those responsible for managing the tax liabilities of their organization or for giving tax advice to clients, keeping abreast of such changes is paramount. New tax rules invariably penalize the unwary, but at the same time present rewards and opportunities to the informed. The aim of this seminar is to familiarize participants with the latest taxation updates.

This course will be hosted in Limassol but you may participate Live-Online if this suits your schedule. Cost is €250+VAT for Online participation & €270+VAT for in-class participation

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

The main objective of the seminar is to provide a clear understanding of the business tax system in Cyprus and thus help the participants develop their tax planning abilities. Furthermore, the seminar will cover all resent updates as regards to taxation. A number of examples and real case studies will be covered during the seminar in order to assist participants apply knowledge and identify the impact of the taxes on financial decisions that need to be taken.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is addressed to:

• Financial Controllers
• Accountants
• Tax Consultants and
• Auditors

It will be of particular interest to newly qualified accountants, whose qualifications are based on the UK tax system and who need to familiarize themselves with local taxation issues.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Outline

Overseas aspects of Corporation Tax (New Developments)

• Company resident
• Non – Cyprus resident companies
• Permanent establishment or subsidiary abroad
• Double taxation relief

Allowance for Losses (New Developments)

• Loss Companies
• Losses for group relief
• Carry forward losses
• Conversion of Business into a limited company

Special Defense Contribution (New Developments)

• Rental Income
• Interest
• Actual Dividends
• Deemed Dividends

Deemed Dividend Distribution of a Cyprus company

• Profits available for distribution
• Exemptions

Deemed Dividend Distribution of a Cyprus company (continued)

• Profits available for distribution
• Exemptions

Comprehensive Advanced Case Study 1

• Corporation Tax, Capital Gains Tax, Special Defense Contribution and Tax Planning

Capital Gains Tax – Scope of:

• Disposal of Immovable Property,
• Disposal of a Private Company shares that owns an Immovable Property
• Collection of Capital Gains Tax/Self-assessment

Special Modes of Taxation (New Developments)

• Foreign Pensions
• Royalties and Film pensions
• Non-Residents Professionals
• Insurance Companies

Income from Business – Individuals (New Developments)

• Trade Income/Losses
• Trading Goodwill
• Partnership Income
• Partnership Losses

Individuals’ income- Sources of income (New Developments)

• Property Income
• Employment
• Interest Income
• Exempt Income

Comprehensive Advanced Case Study 2

• Income Tax, Capital Gains Tax, Special Defense Contribution and Tax Planning

Conclusion

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.