Cyprus Taxation Overview for Non-Tax Experts
The financial services sector has seen an exponential increase in regulation with considerable emphasis given to client’s credit risk. When assessing the repayment ability of clients for their credit facilities, one is required to not only consider cash outflows derived from expenses but also take into account taxation matters being a major cash outflow of profitable businesses. The seminar’s aim is to educate individuals within the financial services sector on Cyprus taxation to enable them to grasp a better understanding of the liquidity risks of clients from a tax perspective.
Upon completion of the seminar individuals will be aware of the tax principles to invoke on according to their case at hand whether it may be from a direct or indirect tax perspective.
The seminar is addressed to individuals within the financial services sector primarily to customer relationship officers and managers, sanctioning authorities, property management officers, restructuring /recoveries officers, directly related to reviewing and providing credit facilities to clients.