• About Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ
  • Contact Us
Login | My Posts
Accountants in Cyprus
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
Accountants in Cyprus
No Result
View All Result
Home Publications News & Announcements

RSM Cyprus – Proud supporter of the 7th Cyprus International Tax Conference

February 26, 2024
in News & Announcements
Reading Time: 2 mins read
RSM Cyprus, for another year, proudly supported the 7th Cyprus International Tax Conference, held on 20 February 2024 in Nicosia.

By: RSM Cyprus

RSM Cyprus, for yet another year, proudly supported the 7th Cyprus International Tax Conference, held on 20 February 2024 in Nicosia.

The conference hosted renowned and well-established professionals and experts in the Cyprus taxation system, as well as other international tax experts. The conference provided insights on various hot topics, including legislation requirements and tax reformation.

As a keynote speaker, Iacovos Themistocleous, Senior Tax Manager and Board Member at RSM Cyprus presented “The new world of crypto and digital assets:  The impact of DAC8”. In his presentation, he pointed out that fair and effective taxation are crucial to secure public investment and service revenues and create a business environment where innovation can prosper. Also, Iacovos referred to the implications of the Directive on Administrative Cooperation (DAC8) by explaining some of its various requirements. He continued, saying, “However, the EU tax authorities lack information concerning the revenues and transactions generated by crypto-assets. The Council of Europe recently adopted DAC8, which aims to increase tax transparency in crypto-assets and combat tax evasion and avoidance”.

Furthermore, acknowledged industry leaders met on the “Cyprus’s Steps Towards Complete Tax Transparency” panel discussion to share their views on Tax Transparency and Tax Reform. During the panel discussion, our Managing Partner, CEO George Themistocleous, mentioned that in addition to the adoption of all international tax initiatives, which were designed to enhance tax compliance and transparency, most companies need to prepare mandatory audited financial statements. These, provides an additional assurance, and the tax department may use them for further processing. Additionally, when asked whether the 12.5% tax rate implies that we are not committed to having more transparency and fairness in our system, he responded that “I do not believe that a tax rate itself can provide a direction or can characterise the whole tax system which we do have in Cyprus as transparent or not. We need to focus on the bigger picture, since Cyprus is not the only country that applies that specific tax rate. Taking into consideration the current discussions about the tax reform in Cyprus, we will need to think about how we should move forward and apply what is needed to create a modern and transparent tax legislation that we can easily adapt. Our aim, should be also retaining Cyprus’s reputation and continue attracting foreign investments that are very important for our country’s prosperity”.

Taking into consideration the market dynamics and the legislative changes, our tax advisors are continuously being informed and updated for all upcoming developments, to provide insightful information and customised tax solutions, fully aligned with the local and international tax requirements.

Tags: Cyprus Tax
ShareTweetShare

Newsletter

Latest News

TD7 employer declaration
News & Announcements

It’s Time to Submit Your TD7 Employer Declaration

October 13, 2025

Important Update: TFA System Reactivation and TD7 Employer Declaration Submission Guidelines The Tax Department informs that, as of Friday, 22...

Read more
CYPRUS: TAX FOR ALL PORTAL

Support Material for the Services Provided via the TAX FOR ALL

September 24, 2025
Tax reform

Tax reform concerns

September 10, 2025
Accountants in Cyprus

Accountants in Cyprus is an accounting portal that consists of information in the field of finance and a network of Cyprus accounting firms and other financial service providers .

USEFUL LINKS

  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos
  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos

USEFUL LINKS

  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms
  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms

AFFILIATED SITES

logo250-b
logo-400

2023 © Accountants in Cyprus. All Rights Reserved. Developed by Wizzweb

  • About
  • Cyprus Accounting Services
  • Auditors in Cyprus
  • Cyprus VAT
  • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Accountants Cyprus
    • Cyprus Economy
  • Find Accountants
  • Contact Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ

© 2023 Accountant in Cyprus

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.