Location
Hilton Nicosia Hotel, Cyprus
Speakers
24 Professional Speakers
Location
Hilton Nicosia Hotel, Cyprus
Speakers
24 Professional Speakers
CYPRUS TAX REFORM & BEYOND: GLOBAL & NATIONAL DEVELOPMENTS
FACTS AND FIGURES
The Conference at a Glance
This year, the Conference will focus on critical topics such as:
• Cyprus Tax Reform in Focus: Given the tax reform’s near-finalization, multiple sessions on this topic will provide an overview of its proposed changes, anticipated effects on businesses, and strategic approaches for maximizing compliance and competitiveness within Cyprus’ evolving tax landscape.
• OECD Pillar 2 Implementation: Exploring how Cyprus is preparing to adapt to the global minimum tax under the OECD’s Pillar 2 framework, addressing compliance challenges and the impact on multinational corporations operating within the island.
• ATAD 3 and the EU’s Anti-Tax Avoidance Initiatives: A detailed examination of the Unshell Directive, with insights into how these regulations will affect corporate structuring and reporting obligations in Cyprus.
• Practical Implementation of Transfer Pricing Rules: This session will cover the ongoing challenges in transfer pricing, discussing best practices and practical approaches to implementation, common issues that arise, and strategies for effective compliance with local and international requirements.
• VAT Strategies for Evolving Business Models: Digital Goods, Services, and Beyond: This session will focus on important VAT developments and VAT strategies that align with modern digital business models, including virtual goods and services, digital subscriptions, and cloud-based services.
Audience
The conference is addressed to professionals and more specifically senior executives from the tax and legal departments of the following:
• Accounting, Audit and Tax Firms
• Banks and other Financial Institutions
• Law Firms and Legal Consultants
• Investment Firms
• Trust Service Providers
• Wealth Management Firms
• Corporate Service Providers
• Relevant Governmental Authorities
• Local and European Regulatory Bodies
• CFOs from large corporations from all sectors of economic activity
Speakers
Agenda
08:30-09:15
Registration
08:30-09:15
Registration
09:15-09:25
Introduction by the Chairperson of the Conference
Kyriakos Iordanou
General Manager, Institute of Certified Public Accountants of Cyprus
09:15-09:25
Introduction by the Chairperson of the Conference
Kyriakos Iordanou
General Manager, Institute of Certified Public Accountants of Cyprus
THE CYPRUS TAX REFORM IN FOCUS
09:25-09:35
Ongoing Transformation of the Cyprus Tax Administration and Tax Justice
Soteris A. Markides
Commissioner of Taxation, Republic of Cyprus
09:25-09:35
Ongoing Transformation of the Cyprus Tax Administration and Tax Justice
Soteris A. Markides
Commissioner of Taxation, Republic of Cyprus
09:35-09:45
A New Era for Cyprus Taxation: Opportunities and Challenges for the Professional Services Sector
Nicos Chimarides
President, Institute of Certified Public Accountants of Cyprus
09:35-09:45
A New Era for Cyprus Taxation: Opportunities and Challenges for the Professional Services Sector
Nicos Chimarides
President, Institute of Certified Public Accountants of Cyprus
09:45-10:10
Panel Discussion: The Path to the Tax Reform and the Future Ahead
• Challenges overcome in the tax reform journey
• How the new tax system will impact business and the economy?
Panelists:
09:45-10:10
Panel Discussion: The Path to the Tax Reform and the Future Ahead
• Challenges overcome in the tax reform journey
• How the new tax system will impact business and the economy?
Panelists:
Marios Andreou
Tax Expert, Project Advisory Committee of the Cyprus Tax Reform (ΚΟΕ)
Marios Andreou
Tax Expert, Project Advisory Committee of the Cyprus Tax Reform (ΚΟΕ)
Costas Markides
Tax Expert, Project Advisory Committee of the Cyprus Tax Reform (KOE)
Costas Markides
Tax Expert, Project Advisory Committee of the Cyprus Tax Reform (KOE)
10:10 - 10:45
Panel Discussion: Key Stakeholders Discuss the Cyprus Tax Reform
Panelists will discuss the anticipated impacts of the Cyprus tax reform on business, innovation, and the wider
economic landscape, exploring how the changes can support growth and competitiveness:
• Business Needs in the New Tax Landscape
• Impact on Innovation and Technology
• Aligning Tax Policy with Long-term Economic Goals
• Resolving practical problems of the current tax system
Panelists:
10:10 - 10:45
Panel Discussion: Key Stakeholders Discuss the Cyprus Tax Reform
Panelists will discuss the anticipated impacts of the Cyprus tax reform on business, innovation, and the wider
economic landscape, exploring how the changes can support growth and competitiveness:
• Business Needs in the New Tax Landscape
• Impact on Innovation and Technology
• Aligning Tax Policy with Long-term Economic Goals
• Resolving practical problems of the current tax system
Panelists:
Evgenios Evgeniou
Chairman, Invest Cyprus
Evgenios Evgeniou
Chairman, Invest Cyprus
Valentinos Polykarpou
General Manager at Wargaming & Chairman of TechIsland
Valentinos Polykarpou
General Manager at Wargaming & Chairman of TechIsland
Stavros Stavrou
President, Cyprus Chamber of Commerce and Industry
Stavros Stavrou
President, Cyprus Chamber of Commerce and Industry
Demetris S. Vakis
First Vice Chairman, Cyprus Employers and Industrialists Federation (OEB)
Demetris S. Vakis
First Vice Chairman, Cyprus Employers and Industrialists Federation (OEB)
10:45 - 11:15
Industry Perspectives on Tax Reform – Key Needs and Concerns
This panel will feature insights from the representatives of different sectors in Cyprus, who will discuss the anticipated impacts of the upcoming tax reform on their respective sectors, addressing specific challenges and priorities unique to each industry.In conversation with:
• Sector-Specific Priorities in Tax Reform
• Current Tax Challenges for Cypriot Industries
• Implications of the Reform for Competitiveness and Investment
Panelists:
10:45 - 11:15
Industry Perspectives on Tax Reform – Key Needs and Concerns
This panel will feature insights from the representatives of different sectors in Cyprus, who will discuss the anticipated impacts of the upcoming tax reform on their respective sectors, addressing specific challenges and priorities unique to each industry.In conversation with:
• Sector-Specific Priorities in Tax Reform
• Current Tax Challenges for Cypriot Industries
• Implications of the Reform for Competitiveness and Investment
Panelists:
Joseph Merhi
Τreasurer, Federation of Building Contractors Associations of Cyprus
Joseph Merhi
Τreasurer, Federation of Building Contractors Associations of Cyprus
Thanos Michaelides
CEO, Thanos Hotels and Resorts
Thanos Michaelides
CEO, Thanos Hotels and Resorts
Charalambos Meivatzis
Partner, Head of Tax – President of the Tax Committee, Cyprus Bar Association
Charalambos Meivatzis
Partner, Head of Tax – President of the Tax Committee, Cyprus Bar Association
11:15-11:45
Networking Coffee Break
11:15-11:45
Networking Coffee Break
INTERNATIONAL TAX DEVELOPMENTS
11:45-12:00
Is it a “Reform” if we Pay Little Attention to VAT and Tax Justice?
• Underlines EU member state optional VAT measures that can make Cyprus more tax attractive.
• Highlights in such an era of tax complexity and tax technology advancement, how effective dispute resolution
options can lead to strengthening tax justice in Cyprus.
George Liasis
Partner, Tax Services, EY Cyprus
11:45-12:00
Is it a “Reform” if we Pay Little Attention to VAT and Tax Justice?
• Underlines EU member state optional VAT measures that can make Cyprus more tax attractive.
• Highlights in such an era of tax complexity and tax technology advancement, how effective dispute resolution
options can lead to strengthening tax justice in Cyprus.
George Liasis
Partner, Tax Services, EY Cyprus
Simos Simou
Director, Indirect and Environmental (incl. ETS & CBAM) Taxes – Green Tax Transformation & Controversy Leader, EY Law
Simos Simou
Director, Indirect and Environmental (incl. ETS & CBAM) Taxes – Green Tax Transformation & Controversy Leader, EY Law
12:00 -12:15
The Future of EU Tax Policy: Harmonization, Competitiveness, Sustainability
Aleksandar Ivanovski
Director, CFE Tax Advisers Europe
12:00 -12:15
The Future of EU Tax Policy: Harmonization, Competitiveness, Sustainability
Aleksandar Ivanovski
Director, CFE Tax Advisers Europe
12:15-12:30
ESG: A Tax Perspective
Andreas Papagavriel
Director - Tax Services, Baker Tilly South East Europe
12:15-12:30
ESG: A Tax Perspective
Andreas Papagavriel
Director - Tax Services, Baker Tilly South East Europe
12:30-12:45
Focus on OECD Pillar 2 and the Global Minimum Tax’s Implications for Cyprus
Stavros Supashis
Director - Tax & Legal, PwC Cyprus
12:30-12:45
Focus on OECD Pillar 2 and the Global Minimum Tax’s Implications for Cyprus
Stavros Supashis
Director - Tax & Legal, PwC Cyprus
Joanne Theodorides
Director - Tax & Legal, PwC Cyprus
Joanne Theodorides
Director - Tax & Legal, PwC Cyprus
12:45-13:00
Application of Pillar Two to International Tax Planning Structures and Substance Requirements
Christos A. Theophilou
International Tax and Transfer Pricing Partner, STI Taxand
12:45-13:00
Application of Pillar Two to International Tax Planning Structures and Substance Requirements
Christos A. Theophilou
International Tax and Transfer Pricing Partner, STI Taxand
13:00-13:15
AI Revolutionizing Tax Services: Future Impacts on the Profession
Ilham Hmimou
Director, Tax & Legal, Transfer Pricing, Deloitte Middle East
13:00-13:15
AI Revolutionizing Tax Services: Future Impacts on the Profession
Ilham Hmimou
Director, Tax & Legal, Transfer Pricing, Deloitte Middle East
13:15-13:30
The impact of ATAD 3 in Cyprus: How the Unshell Directive will Transform Tax and Business Practices
Iacovos Themistocleous
Senior Tax Manager & Board Member, RSM Cyprus
13:15-13:30
The impact of ATAD 3 in Cyprus: How the Unshell Directive will Transform Tax and Business Practices
Iacovos Themistocleous
Senior Tax Manager & Board Member, RSM Cyprus
13:30-14:00
Panel Discussion: TP experts Discuss the practical Implementation of Transfer Pricing Rules
A session on transfer pricing rules, focusing on implementation and best practices in Cyprus.
Focus Topics:
• Challenges in transfer pricing application.
• Guidance on documentation, benchmarking, and dispute resolution.
• Strategies to meet compliance standards.
Panelists:
Panayiotis Marinou
Tax Partner, Deloitte Cyprus
13:30-14:00
Panel Discussion: TP experts Discuss the practical Implementation of Transfer Pricing Rules
A session on transfer pricing rules, focusing on implementation and best practices in Cyprus.
Focus Topics:
• Challenges in transfer pricing application.
• Guidance on documentation, benchmarking, and dispute resolution.
• Strategies to meet compliance standards.
Panelists:
Panayiotis Marinou
Tax Partner, Deloitte Cyprus
Valentinos Pavlides
Director of Tax and Transfer Pricing Services, Baker Tilly Cyprus
Valentinos Pavlides
Director of Tax and Transfer Pricing Services, Baker Tilly Cyprus
Ioanna Stylianidou
Director - Head of Transfer Pricing, PwC Cyprus
Ioanna Stylianidou
Director - Head of Transfer Pricing, PwC Cyprus
14:00-14:10
Concluding remarks by the Chairperson of the Conference
Kyriakos Iordanou
General Manager, Institute of Certified Public Accountants of Cyprus
14:00-14:10
Concluding remarks by the Chairperson of the Conference
Kyriakos Iordanou
General Manager, Institute of Certified Public Accountants of Cyprus
14:10
End of conference – Networking cocktail
14:10
End of conference – Networking cocktail
Supporters
With the Support
Communication Sponsors
Organizers
Coffee Sponsor
