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Next Previous RSM Cyprus Ltd – Official Sponsor of the 5th Cyprus International Tax Conference HOME • INSIDER • BRAND VOICE • RSM Cyprus Ltd – Official supporter of 5th Cyprus …
H RSM Cyprus, as an official supporter of the 5th Cyprus International Tax Conference, participated & nbsp; in the conference held on March 15, 2022, in Nicosia. & Nbsp;
The conference focused on the new tax reality that Cyprus and professionals in the field are called to face. Among other things, issues related to tax reforms were analyzed, their impact on the long-term competitiveness of Cyprus, the tax agenda of the European Union, the measures taken by the EU to deal with aggressive tax planning, the use of shell companies and the exploitation of contracts. double taxation. In addition, the issues included the Government's recovery plan, stating the targets for reducing pollution by 2030, and the recent agreement between EU Finance Ministers on flexibility in VAT rates on products and services.
Attendees had the opportunity to ask questions, discuss and comment on new tax data, current and future tax reforms with distinguished conference speakers from the private and public sectors, as well as government regulators. . & nbsp;
The CEO of RSM Cyprus Mr. George Themistokleous as one of the keynote speakers of the conference, in his presentation “One step before the end of the Treaty Shopping” referred to the implementation of the multilateral agreement, one of the 15 Actions issued by the Organization Economic Cooperation and Development to tackle the erosion of the tax base and the shift of profits, a strategy that Cyprus has adopted and implemented in the double taxation agreements that it is part of.
Also commenting in a related interview he stated that” For the Cyprus these changes are a challenge where we are called as tax advisors and audit firms, to inform companies based in Cyprus tax on the new tax regime concerning double taxation contracts. At the same time, I believe that the role of the multilateral agreement is a way of strengthening double taxation agreements, as the erosion of the tax base and the shift of profits is a major issue that affects the country's economy. “& Nbsp; & nbsp;
