* VAT operation, legislation and mechanics focus of 3-day programme *
EY Cyprus has prepared a VAT training seminar, funded by the EU Commission, to be delivered to Tax Department officers (Direct Taxation Division) and, to other officials, including Tax Tribunal members.
The aim of the seminar is to raise awareness on VAT matters and provide an insight on the application of the VAT legislation and rules to Inland Revenue Officers, who have moved under the same roof with the VAT Service following merger of the two departments.
Tax Department officers will gain an understanding of the differences between direct taxation and VAT and simultaneously identify areas of common work with their colleagues of the Indirect Taxation Division.
The seminars will take place at the Public Administration Academy in Nicosia and EY Limassol Offices until June 8. Among the presenters are Philippos Raptopoulos, Head of Tax at EY Cyprus, and George Liasis, Head of Indirect Tax, who will discuss the comparison of VAT and Direct Taxation while stressing the VAT functions and principles.
“Training on VAT aspects of paramount importance for Direct Taxation officers and will inevitably assist them in drawing a collaboration line with their Indirect Taxation colleagues. Such cooperation is strongly supported by EY Cyprus which undertook to train throughout a two year period all the Tax Department officers on VAT and Direct Tax accordingly,” said Philippos Raptopoulos.
“Participants at the VAT seminars are encouraged to actively engage in discussion and solve exercises after the delivery of each theme session in an attempt not only to gain knowledge but also apply the rules and recognize the need to identify and raise VAT issues with their colleagues of the ex-VAT Service,” explained George Liasis.
He added that “presenting on the VAT legislation to Direct Tax officers is an excellent and challenging experience and with the assistance of VAT officers present in the classroom, we are able to provide an all-rounded knowledge on the VAT law and its features.”
EY Cyprus has also planned training seminars for clients and the public with the next two on March 31 (EY Nicosia Offices) and April 10 (EY Limassol Offices) on VAT Developing Knowledge and Common Mistakes.
