Chelco VAT’s Managing Director, Alexis Tsielepis, shared his knowledge on Value Added Tax with the island’s leading tax experts at the 5th Cyprus International Tax Conference in Nicosia, earlier this week.
Speaking on behalf of the Cyprus VAT Association (CYVA) of which he is the Vice-Chairman, Alexis talked about “Flexibility on VAT rates in the European Union: A welcome change with a sting in the tail,” covering the latest efforts to harmonise VAT rates in the European Union.
Alexis analysed to his fellow professionals the current efforts by the EU Council to harmonize VAT rates across member states and to promote lower VAT rates for green and digital transitions and the protection of public health.
“Governments may welcome these measures albeit with a hint of hesitation, for good reasons!” Alexis said, setting the tone for his presentation.
The tax event was organised by IMH at the Hilton Nicosia Hotel on 15 March 2022 and attracted senior professionals from the law, audit, accounting, corporate, banking and investment fields from all over Cyprus.
Other featured topics at the conference included tax reforms and the Cypriot reality, the EU tax perspective and forthcoming actions, the Pillar Two agreement and the implications for Cyprus, DAC6, green tax reform and Cyprus as an international business centre and technology hub.
The 5th Cyprus International Tax Conference is considered one of the most important gatherings for tax professionals in Cyprus.