ΠΕΡΙΓΡΑΦΗ

This seminar is dedicated to the core principles of Corporation Tax in Cyprus and its interaction with International Taxation in the context of cross-border transactions.

It comprehensively covers Corporation Tax in Cyprus, including tax residency rules, substance requirements, taxable and tax-exempt income, tax-deductible and non-deductible expenses, losses and group tax relief, capital allowances, balancing statements, and key tax incentives (NID and the IP Tax regime).

The seminar also addresses crucial aspects of International Taxation, including Double Taxation Treaties, CFC rules, interest limitation rules, Transfer Pricing, EU Directives, withholding taxes, and tax credit relief methods.

Through detailed analysis and practical examples, participants will gain the ability to understand the core principles, prepare accurate tax computations, ensure compliance with reporting obligations, and properly identify and manage the complexities arising from cross-border transactions and the interaction between international taxation and corporation tax principles.

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 and auditors
• Tax Consultants
• Bankers and Banking Executives
• Government Tax Officials
• Lawyers

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Outline

Introduction

Section 1: Corporation Tax

• Tax residency Rules
• Incorporation Test
• Substance
• Taxable Income
• Non-taxable income

Section 2: Corporation Tax

• Tax Deductible Expenditure
• Non-Tax Deductible Expenditure
• Losses
• Group Losses
• Payment of corporation tax liabilities and reporting requirements

Section 3: Corporation tax

• Capital Allowances
• Balancing Statement
• Practical example on Balancing Statement

Section 4: Corporation tax

• IP Tax Regime
• Notional Interest Deduction
• Practice: Prepare a corporation tax computation

Section 5: International taxation

• Nationality Vs Territoriality
• Double Taxation Treaty analysis

Section 6: International taxation

• CFC Rules
• Interest Limitation Rules
• Transfer Pricing and its application in Cyprus
• EU Directives

Questions and Answers

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.