ΠΕΡΙΓΡΑΦΗ

Kinanis Academy is pleased to offer this practical training programme on Cyprus Tax Compliance in the Context of Corporate Financial Arrangements. The seminar provides participants with a practical understanding of the key principles of Cyprus tax legislation governing corporate financial arrangements, the computation of taxable income, and tax compliance obligations. It also covers the interaction with Transfer Pricing requirements, interest limitation rules, and other relevant tax provisions. Through practical examples, participants will strengthen their ability to identify tax risks, correctly apply the relevant legislation, and ensure accurate and compliant tax reporting in their day-to-day professional activities.

This seminar contributes to Continuing Professional Development for 6 CPD Units and it has been verified by CYBAR Association.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This programme is designed for professionals seeking a practical understanding of Cyprus tax legislation applicable to corporate financial arrangements and tax compliance. It is suitable for those involved in the assessment, management, and reporting of tax matters and who wish to strengthen their knowledge of the relevant tax framework and its practical application.

Indicative participants include:

• Corporate Administrators and Paralegals
• Corporate Lawyers and Legal Consultants
• Accountants and Auditors
• Tax and Transfer Pricing Professionals
• Business Consultants
• Finance Managers and Financial Controllers
• Professionals in the corporate and administrative services sector

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

MODULES

Introduction

• Registration and introduction of participants
• Overview of seminar objectives and materials
• Outline of session topics and expected outcomes

Session 1: Legal Background on Financial Arrangements

• Section 33- TP Rules
• Section 33 (‘Old’ Deemed Interest Rules)
• Passive/Active Test (SDC vs Income Tax)
• Interest Restriction Rules (Article 11[15])
• Interest Limitation Rules (EU ATAD)
• EU WHT Rules (Black Listed/Low Tax Jurisdictions)
• NID Regime
• Tax Reform – Affected Areas

Session 2: Practical Application (Tax Compliance)

• Tax Computation (Overview)
• Tax Computation (Workings)
• Required Information (From accountants/auditors)
• Matching Concept – NID Practical Example
• Implementation of TP rules (CTD Practice)
• Team exercises (Choose applicable rules)

Session 3: Tax Examinations

• Periodic Tax Examinations (CTD)
• Cross-Border Tax Investigations
• Main Areas of Concern
• Requested Documentation
• Effects of failing examination

Session 4: Practical Examples

• Case Study 1 – CTD Adjustment
• Sample Complex Tax Computations
• Case Study 2 – TP Adjustment
• Alternative Arrangements (Group Finance Co)
• Case Study 3 – WHT Implications

Wrap-Up & Conclusion

• Summary of key areas covered
• Selling areas for professionals & key takeaways
• Open discussion and participant Q&A