VAT for Beginners: Fundamental Principles

The Chelco VAT International Academy continues its series of educational events on Value Added Tax (VAT) with a full-day seminar on the core basics of indirect tax.

‘VAT for Beginners: Fundamental Principles’ is designed to expose participants to the ABCs of VAT through a presentation of the basic principles of VAT.

The topics that will be presented include:

  • Taxable Person
  • Taxable Transaction
  • Place of supply
  • Reverse charge
  • Time of supply
  • Taxable amount
  • VAT rates
  • VAT exemptions
  • Deductions
  • Obligation to pay the VAT

The seminar will be delivered in English and it is open to all professionals, both beginners and experienced, who are seeking either a basic or a better understanding of VAT terms, concepts and practical uses.

Seats are limited so book yours now.


8:30am – 9:00am
Registration & Coffee
9:00am – 9:05am

Welcome Address
Panayiotis Iona: Instructor

9:05am – 10:45am
  • Taxable person
  • Taxable transactions
10:45am – 11:00am

Coffee Break

11:00am – 12:30pm
  • Place of supply
  • Reverse charge
12:30pm – 1:30pm

Light Lunch

1:30pm – 2:45pm
  • Time of supply
  • Taxable amount
  • VAT rates
  • VAT exemptions
2:45pm – 3:00pm

Coffee Break

3:00pm – 4:30pm
  • Deductions
  • Obligation to pay the VAT

End of Seminar


The Instructor

Panayiotis Iona, BA, ACA
Chelco VAT Ltd
E-mail: [email protected]

Panayiotis is an Associate Chartered Accountant (ACA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC), with more than 10 years of experience in VAT.

He holds a Bachelor of Arts degree in Accounting and Finance from Manchester University in the UK. Panayiotis trained initially with Deloitte & Touche LLP in Manchester, and subsequently with PwC Cyprus, as a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW), before joining Chelco VAT Ltd as Senior VAT Consultant in 2014.  In 2017, he was awarded the Expert in EU VAT degree, finishing first in his class.

Panayiotis has authored or contributed to various articles and other publications in Cyprus and abroad on matters pertaining to Cyprus and EU indirect taxation.

He specialises in providing VAT advisory and compliance services to both local and international companies with activities in Cyprus, Europe and worldwide. He is a founding member of the Cyprus VAT Association (CYVA). He is also a Certified Vocational Trainer with the Human Resources Development Authority of Cyprus (ANAD).

Who Should Attend?

Professionals dealing with VAT matters in all industries, who would like to gain a hands-on, basic understanding of VAT:
  • VAT advisors

  • Auditors

  • Accountants & Bookkeepers

  • Financial Controllers

  • Tax Lawyers

  • Tax Consultants

  • Tax Accountants

  • VAT Department Officers

When, Where & How Much?

Date & Venue

Friday, 27 October 2023, Columbia Plaza Venue Centre


9:00am – 4:30pm (registration at 8:30am)
6 CPD Units (certificates of attendance will be provided)


€285 + VAT (including light lunch)
Group Discount (for 3 persons or more): 15%
Free for current students of the Diploma in VAT Excellence (DiVE).
Mention in Notes when registering.



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