Purpose
This seminar aims to equip employees with essential knowledge of tax laws and regulations, highlighting tax-saving opportunities and schemes to reduce the company’s tax liability. It covers strategies to avoid errors and penalties, ensuring accurate reporting and financial stability, and emphasizes efficient handling of tax tasks to improve operational efficiency. The seminar also focuses on staying updated with tax law changes and understanding the tax implications of business decisions to make informed choices that benefit the company’s financial health and sustainability.
Training Objectives
The seminar goals is to provide a comprehensive understanding of the Cyprus tax system, including taxpayer obligations and regulatory frameworks. It covers the calculation and implications of the special contribution for defence (SCD), capital gains tax, and value-added tax (VAT) for both individuals and companies. Participants will learn to evaluate and compute income and corporation tax liabilities, understand the impact of social insurance contributions, and develop employability and technology skills relevant to tax compliance and analysis. The seminar emphasizes practical application through the use of software tools to navigate and comply with the Cyprus tax system effectively.
Candidates
The program is addressed to any individual who wishes to obtain an understanding of Cyprus Taxation law, like lawyers or employees working in the accounting department, audit department, and tax department of companies. Owners of businesses who wish to raise awareness or have an understanding of the Cyprus tax legislation Overall, this seminar addresses participants who share an interest in enhancing their understanding of Cyprus tax law and practices and compliance requirements.
Topics
- The Cyprus Tax system
- Income tax Law
- Corporation tax
- Special contribution for the defence
- Capital gains
- Social Insurance and Gesy
- Value added tax (VAT)
- Assessment and collection of taxes
