articles | 22 May 2020 | EY Cyprus

EY Cyprus recognized by International Tax Review as National Transfer Pricing Firm of the Year

EY Cyprus was named Transfer Pricing Firm of the Year for the second consecutive year by ITR in recognition of the high-quality tax services offered. The ITR European Tax Awards take place annually aiming to recognise distinguished tax service providers from the Europe, Middle East and Africa (EMEA) region. The Transfer Pricing Firm of the Year award has been available for Cyprus since 2019 and EY Cyprus has been awarded with this recognition from the first year.

Because of the COVID-19 pandemic, this year the awards were announced and published online, on Thursday 21st May 2020. As a provider of a wide range of tax services ranging from direct to indirect taxation, EY Cyprus has an outstanding record in offering tax expertise to clients across the globe and creating functional solutions to complex tax issues.   

Philippos Raptopoulos, Head of Tax and Legal Services of EY Cyprus, stated: “Our main focus is always to offer our clients high-quality services drawing from our international standards and expertise. In times of rapid change and uncertainty, like the ones we are currently living, our teams make us proud, daily, with their hard work and devotion to innovate and adapt to the changing environment. Our tax professionals coordinate globally and combine skills and experience to offer exceptional services across all tax disciplines to help our clients meet their needs. We are proud that our EY Cyprus Tax Team has received the ITR award for Cyprus Transfer Pricing Firm for the second time, demonstrating yet again a remarkable effort in accomplishing excellence.”

Commenting on EY Cyprus receiving the National Transfer Pricing Firm of the Year award, Petros Krasaris, Head of International Tax Services of EY Cyprus, noted: “Our tax professionals have showcased that EY Cyprus is in the position to provide top level services that meet our clients’ needs. With knowledgeable collaboration and experience, our Tax Team is a step ahead in providing the necessary guidance and advice to our clients in order to help them solve complex tax matters. It is a great honour to be recognised by ITR as Cyprus Transfer Pricing Firm of the Year and we look ahead for more milestones in the future. Our team of tax experts will continue to provide high-quality services and combined with technology platforms we are looking to creating more success in this transformative environment.”

EY Cyprus through its international network provides tax advisory and compliance services in a wider geographic span, applicable to a range of sectors and in accordance with client needs. It is also of great importance that EY has been recognized both as the European Indirect Tax and Transfer Pricing Firm of the year.

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