Fintech and the Cyprus Tax System

- Λογιστικά/ Έλεγχος/ Φορολογικά - Καινοτομία/ Start Ups

15 Μάιου 2023 09:00 18 Μάιου 2023 17:52
Αγγλικά
7 ώρες ( 2 μέρες )
Fintech and the Cyprus Tax System

ΠΕΡΙΓΡΑΦΗ

As FinTech investments can give rise to a range of taxation issues and opportunities it is important that tax is considered up-front as part of the FinTech strategy. Although not originally designed with FinTech companies in mind, even today, it is often necessary to apply “old world” tax law to the new world economic and business models that arise in a FinTech context.

In addition to managing tax risks, avoiding double taxation, and establishing your FinTech investments in a tax-efficient way, it is also important to be aware of the changes to the international tax system and how intellectual property and cross-border technology-related business models are taxed.

The aim of the seminar is to train participants on the basic principles of the Cyprus Tax Legislation and the more specific aspects of the Cyprus tax system for Fintech business. In addition, the seminar aims to provide, through practical examples, a detailed analysis of the corporation tax and VAT benefits and considerations of the Cyprus tax system applicable to Fintech businesses.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

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

In terms of Knowledge

  • Explain the fundamental laws relevant to the taxation of FinTech Companies
  • Explain the key principles of the Cyprus tax framework.
  • Explain the main provision income tax law
  • Explain main provision of VAT Legislation.
  • Identify the benefits of the Cyprus tax system

In terms of Skills

  • Compute the corporation tax liabilities of individuals and groups of companies.
  • Compute the VAT impact of FinTech companies
  • Optimize the tax position of the Group companies.
  • Implement proper procedures in relation to corporation tax and VAT compliance in their day-to-day work and meet relevant deadlines.
  • Apply the requirements of double taxation treaties.

In terms of Attitude

  • Justify the importance of properly computing and paying the taxes arise from transactions
  • Justify the need of complying with the tax legislation.
  • Motivate other employees to follow specific procedures and guidelines.
  • Provide advice on minimising and/or deferring tax liabilities by the use of standard tax planning measures

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is ideal for people working in accounting departments of Financial Services Companies and any other company that uses financial technology, who wish to obtain a basic knowledge of the tax principles as well as gain a more in-depth practical application of the tax treatment specific to the income and expenses of their organisation.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

CY Taxation – An Overview

  • The overall function and purpose of taxation in a modern economy
  • Principal sources of revenue law and practice
  • The systems for self and temporary assessment and the making of returns
  • Taxation of passive income
  • Withholding taxes

CY Corporation Tax: Considerations for FinTech Companies

  • The scope of corporation tax
  • Tax residency- Management and Control
  • The comprehensive computation of corporation tax liability
  • The effect of a group corporate structure for corporation tax purposes
  • The use of exemptions and reliefs in deferring and minimizing corporation tax liabilities
  • Cyprus IP Regime
  • Notional Interest Deduction
  • FX gains and losses
  • Qualifying titles
  • Transfer pricing provisions

Tax Aspects for Individuals expatriates

  • Tax residency
  • Employment Income Exemptions
  • Non domicile concept

VAT Aspects

  • VAT exemptions
  • Cryptocurrencies
  • Payment service providers
  • Reverse charge
  • VAT recoverability


Training Style

Illustration of key terms and concepts

Preparation and discussion of practical examples, including mini cases

The course will have both a theoretical and practical framework with real examples drawn from actual companies, local and international

Activities and Break-out groups

CPD Recognition

This programme may be approved for up to 7 CPD units in Accounting and Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.

Trainer's Information
Μάριος Μόρτης - Trainer and Accountancy Programs Leader -BSc (Acc), MSc (Fin&Bank), FCCA

Marios Mortis holds a bachelor’s degree in Business Administration in Accounting, a Master’s in Banking and Finance, and he is a qualified Fellow Member of the Association of Certified Chartered Accountants (ACCA). Marios has developed and conducted professional training courses on corporate reporting, Accounting and Finance, and Financial Workshops. He had, also, participated to research on the area of finance and accounting at both academic and professional levels.He has many years of working experience in the accounting, audit, advisory, assurance, and banking sectors in various positions and companies in Cyprus.

During the last 7 years, Marios continued his path in the education field which is a challenging and interesting field for him. He currently holds the position of Trainer & Accountancy Programs Leader for EIMF where among others he is teaching many courses of various accountancy qualifications and open seminars, such as cash and treasury management, credit management, governance, ethics, risk management, financial reporting, budgeting, and taxation.

Αναλυτικό Κόστος Σεμιναρίου
  • € 240.00
  • € 0.00
  • € 45.60
  • € 240.00
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ

Δευτέρα - 15 Μάιου 2023

Ώρα

09:00 - 12:45

ΕΚΠΑΙΔΕΥΤΗΣ:

Μάριος Μόρτης

Τοποθεσία:

OnLine Virtual Classroom

Πέμπτη - 18 Μάιου 2023

ΕΚΠΑΙΔΕΥΤΗΣ:

Μάριος Μόρτης

Τοποθεσία:

OnLine Virtual Classroom

Εκδήλωση Ενδιαφέροντος : Fintech and the Cyprus Tax System

Σεμινάρια στην ίδια κατηγορία από τον ίδιο διοργανωτή
Company Taxation and the Administrative and Procedural Aspects of the ...

This program shall firstly deal with the basic mechanics of company taxation with reference to the Cyprus law and practice. The manner in which the tax is impos...

18/04/2024 09:00

14 ώρες (2 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

EIMF (Λευκωσία)

Fintech and the Cyprus Tax System...

As FinTech investments can give rise to a range of taxation issues and opportunities it is important that tax is considered up-front as part of the FinTech stra...

24/04/2024 09:00

7 ώρες (2 μέρες)

Αγγλικά

Live Online

Tracking Cryptocurrency & Blockchain Developments...

This course is the definitive walkthrough of the most recent cryptocurrencies/crypto assets developments, technological advancements in Blockchain technology an...

24/04/2024 16:30

3 ώρες (1 ημέρα)

Αγγλικά

Live Online

FinTech Security and Regulation (RegTech)...

With so many regulatory lapses and failures of big companies and banks, people are raising questions about the efficiency of the Regulators and Regulated Entiti...

21/05/2024 09:00

6 ώρες (1 ημέρα)

Αγγλικά

Live Online

EIMF Certificate in Blockchain & Crypto-Assets: Regulation and Policy...

Blockchain technology – the distributed platform that removes intermediaries from the equation and resolves the trust issue – has brought fundamental changes to...

21/05/2024 09:00

14 ώρες (4 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

CRS & FATCA Compliance & Reporting...

The Common Reporting Standard (CRS) is an effort led by the Organization of Economic Cooperation and Development (OECD) and aims to combat tax evasion by imposi...

23/05/2024 09:00

6 ώρες (1 ημέρα)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

Artificial Intelligence (AI) and Its Significant Role in Financial Mar...

Artificial intelligence (AI) is no longer viewed as a science fiction or futuristic notion. In recent decades, it has been assigned a very significant function ...

23/05/2024 09:00

7 ώρες (1 ημέρα)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

EIMF Certificate in Generative Artificial Intelligence (AI) for Projec...

Artificial intelligence (AI) is impacting the future of project management and changing how professionals approach projects.  AI facilitates professionals to...

11/06/2024 14:00

20 ώρες (5 μέρες)

Αγγλικά

Live Online

MICA Regulation and Crypto-Assets Policy...

The 5th AML Directive was only the first step towards regulating crypto-assets and crypto-activities in terms of anti-money laundering.  The Directive only cove...

20/06/2024 09:00

7 ώρες (2 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

Fintech Regulation and Policy...

Financial Technology (in short FinTech) is part of our everyday life both for our professional/business and personal affairs.  Fintech is disrupting and challen...

26/06/2024 09:00

7 ώρες (2 μέρες)

Αγγλικά

Live Online

AAT – Professional Diploma in Accounting...

The AAT is the UK’s leading Accountancy body offering entry level qualifications. The AAT is open to all, regardless of age or experience there is a place that ...

31/01/2025 17:52

Αγγλικά

eLearning

AAT – Business Tax...

This unit introduces the student to UK taxation relevant to businesses. In learning how to prepare tax computations, students will gain skills in the tax tre...

31/01/2025 17:52

Αγγλικά

eLearning

AAT – Financial Statements of Limited Companies...

This unit is concerned with the drafting, analysis and interpretation of financial statements of limited companies. This builds on the Foundation and Advanced l...

31/01/2025 17:52

Αγγλικά

eLearning

AAT – Personal Tax...

This unit is about the key aspects of taxation that affect UK taxpayers. It covers income tax, National Insurance (NI), capital gains tax and inheritance tax. S...

31/01/2025 17:52

Αγγλικά

eLearning

AAT – Professional Synoptic...

Our courses cover all the required learning and preparation for both ‘Accounting Systems and Controls’ and the Synoptic assessment. Students will undertake an e...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Advanced Audit and Assurance (AAA) – OPTIONAL...

The Advanced Audit and Assurance exam is designed to reflect the challenges auditors will face in their professional life. You will be required to analyse, eval...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Advanced Financial Management (AFM) – OPTIONAL...

The Advanced Financial Management subject is designed to replicate the role of a senior financial executive or advisor and prepares candidates to advise managem...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Advanced Performance Management (APM) – OPTIONAL...

The Advanced Performance Management subject is designed to reflect the strategic role of management accounting as a discipline for planning and controlling perf...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Advanced Taxation (ATX) – OPTIONAL...

The Advanced Taxation subject is designed to reflect the need to exercise professional judgement and provide relevant information and advice to individuals and ...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Audit and Assurance (AA)...

The Audit and Assurance syllabus is essentially divided into five areas. The syllabus starts with the nature, purpose and scope of assurance engagements, includ...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Financial Accounting (FA)...

The Financial Accounting (FA) subject introduces you to the fundamentals of the regulatory framework relating to accounts preparation and to the qualitative cha...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Financial Management (FM)...

This subject helps you develop the knowledge and skills expected of a finance manager, in relation to investment, financing, and dividend policy decisions. The ...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Financial Reporting (FR)...

This subject helps you develop knowledge and skills in understanding and applying IFRS Standards and the theoretical framework in the preparation of financial s...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Performance Management (PM)...

This subject helps you develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for plann...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Strategic Business Leader (SBL – INT) – COMPULSORY...

The Strategic Business Leader subject is designed to mirror the workplace and requires you to demonstrate a blend of technical, ethical, and professional skills...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Corporate and business law (GLO) (LW)...

This subject helps you develop knowledge and skills in the understanding of the general legal framework within which international business takes place, and of ...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Taxation (TX-UK)...

This subject helps you develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies. The s...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Management Accounting (MA)...

The Management Accounting (MA) subject introduces you to elements of management accounting which are used to make and support decisions. The syllabus starts by ...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Business and Technology...

The Business and Technology (BT) syllabus introduces you to the business environment. The syllabus begins with examining the purpose and types of business which...

31/01/2025 17:52

Αγγλικά

eLearning

AAT – Management Accounting: Budgeting...

This unit is about the use of budgeting for planning, coordinating and authorising the activities of an organisation and for controlling costs. The unit provide...

31/01/2025 17:52

Αγγλικά

eLearning

AAT – Management Accounting: Decision and Control...

This unit is one of the mandatory Professional level units. It takes students from Advanced level costing principles and prepares them to be valuable members of...

31/01/2025 17:52

Αγγλικά

eLearning

ACCA – Strategic Business Reporting (SBR – INT) – COMPULSORY...

The Strategic Business Reporting (SBR) subject requires you to demonstrate your ability to make strategic business reporting decisions. Building on your existin...

31/01/2025 17:52

Αγγλικά

eLearning