We advised of, then prepared and successfully obtained a favorable outcome through an Advanced Tax Ruling submitted to the Cyprus Tax Department on behalf of an individual client concerning their eligibility for the revised First Employment tax exemption regime. Our team meticulously analyzed the client's situation, as well as the new law and numerous explanatory circulars issued, in order to prepare a comprehensive argument, and effectively represented their case to the tax authorities. The favorable ruling affirms the client's entitlement to substantial tax benefits under this regime’s transitional rules, even though they did not originally appear to be eligible.