Kinanis Academy organizes this three - part training program with the objective of familiarising the participants with the Cyprus Tax Laws and in particular providing a good understanding on how companies are being taxed in Cyprus. We shall provide a clear and well analyzed perspective of the Cyprus Corporate taxation in an easy to understand methodology and many practical examples, so that lawyers and other non-tax specialists can get the relevant knowledge. The seminar would be of great help to those professionals that do not frequently deal with taxation issues but they want to have a clear understanding how Cyprus companies are being taxed.

• PART I - TAXATION OF INCOME
• PART II - TAX TREATMENT OF EXPENSES AND LOSSES
• PART III - IP BOX, TONNAGE TAX AND INTERNATIONAL TAXATION

This program is specifically designed for Lawyers, Financial Managers, Chief Accountants, Accountants, and other professionals who are not usually involved with taxation issues but want to have a complete and holistic view on how companies are being taxed in Cyprus. Trainees will receive a Certificate of Attendance.

This seminar contributes to Continuing Professional Development for 9 CPD Units.

Venue: The course will be held online via Zoom

Dates: PART I - 4^th of December | PART II - 5^th of December | PART III - 8^th of December

Time: 09:00-12:00

Language: Greek language with the slides in English

The seminar’s cost and duration for participation is presented on the table below:

To register please complete our online registration form here.

PART I:

I. FUNDAMENTAL PRINCIPLES (1 Hr)

1. THE TAX EQUATION
2. APPLICABLE TAX LAWS
3. MANAGEMENT AND CONTROL AND CYPRUS SOURCE INCOME

II. TAXATION OF INCOME (2 Hrs)

1. BUSINESS INCOME
2. DIVIDEND INCOME
3. PROFIT FROM SALE OF TITLES
4. INTEREST INCOME
5. ROYALTY INCOME
6. THE ARMS LENGTH PRINCIPLE
7. WAIVED PAYABLES

PART II:

I. TAX TREATMENT OF EXPENSES AND LOSSES (2 Hrs and 30 Min)

1. TAX DEDUCTIBLE EXPENSES
2. TAX TREATMENT OF INTEREST EXPENSE
3. NOTIONAL INTEREST DEDUCTION
4. BAD DEBTS/WAIVED RECEIVABLES
5. TAX LOSSES
6. GROUP RELIEF
7. TAX CREDITS

II. TAX COMPLIANCE (30 Min)

1. SUBMISSION OF TAX RETURNS
2. TEMPORARY TAX DECLARATIONS

PART III:

I. SPECIAL FEATURES (1 Hr and 30 Min)

1. IP BOX REGIME
2. TONNAGE TAX

II.  INTERNATIONAL TAXATION (1 Hr and 30 Min)

1. INTRODUCTION TO INTERNATIONAL TAXATION
2. WITHHOLDING TAXES
3. DOUBLE TAX TREATIES
4. THE PARENT SUBSIDIARY DIRECTIVE
5. THE INTEREST AND ROYALTIES DIRECTIVE

NOTE: In each session there will be 1 break of 15 minutes

Charalambos Meivatzis, ACA, LLB
Kinanis LLC, Partner
Charalambos Meivatzis holds a BSc in Accounting and Finance and a Bachelor’s Degree in Law (LLB). In 2005 he obtained his professional qualification as a Chartered Accountant and in 2016 he was admitted to the Cyprus Bar Association. He is also a Licensed Insolvency Practitioner and a holder of CySEC's Advanced Certificate in Financial Services Legal Framework. Combining Accounting and Law, Charalambos has an in-depth knowledge on both sectors that has not only provided him with experiences in a variety of settings in his professional career, but has also given him a well-rounded insight and perspective in both fields.
 
Charalambos, as a Partner and Head of the Accounting Division, deals with International Tax Planning, provision of Tax consultancy on various Income Tax and VAT issues faced by the clients of the Kinanis Law Firm as well as the provision of Accounting consulting services based on International Financial Reporting Standards. Further, Charalambos has considerable experience in advising on the setting up and management of tax efficient structures.

Contact Mrs. Ivi Papaioannou at academy@kinanis.com (22 558836)