In a highly complex, rapidly changing VAT environment, we need to update professionals on the latest VAT developments in Cyprus and the EU, providing technical and practical insights.
The purpose of this 6 hour training program is to provide an extensive interpretation of the new provisions of the VAT law, by analyzing and explaining the provisions of the law so that VAT professionals are prepared to respond to and correctly apply the newly enacted amendments of the Cyprus VAT Law in business transactions.
Audience
This program is specifically designed for VAT Advisors, Financial Managers, Chief Accountants, Accountants, Legal advisors and professionals practicing the provisions of Cypriot VAT law.
The training program will cover the below topics with the use of practical examples for better understanding:
- “Πολυνομοσχέδιο” – Newly enacted VAT Law;
- The importance of the domestic Reverse Charge and reference to the changes of Article 11B and the addition of the new Article 11E;
- New important condition for applying for a VAT refund;
- What has changed in terms of penalties;
- New requirements for the registration of non-established taxable persons;
- What has changed in the VAT treatment of Intra community transactions of goods;
- The role of the VAT identification number in the context of the exemption for intra-Community supplies;
- Which transaction is considered to be the exempt Intra community transaction in supply chain transactions;
- What are the call-off stock arrangements;
- What can be considered as proof of transport;
- Changes in the General Regulations as to the registries that need to be kept in the context of a call-off stock arrangement;
- Analysis of the latest Circulars and relevant Implementing Directives issued by the Cyprus VAT Authorities
- Key elements of the New VAT Rules to apply as from 1st July 2021
One of the extra requirements of the AML regulatory framework is that all obliged entities must appoint qualified and knowledgeable Anti-money Laundering Compliance Officers with proven expertise. Cyprus Securities & Exchange Commission (CySEC) has designed an AML examination in order to certify individuals that they attained the appropriate level of knowledge and competence to properly undertake the AMLCO position.
The AMLCO Certification is required for the person appointed as Compliance Officer in all entities regulated by CySEC, under the provisions of article 69 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law. The appointed Compliance Officer’s role and duties are as defined in CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing. A person may only be appointed as AMLCO once he/she has successfully passed the AMLCO examination and has registered in CySEC’s AMLCO register.
This 12 hour training program is designed to cover the CySEC AML Certification Examination as a preparation course.
Audience
This program is specifically designed for individuals preparing for CySEC AML Certifications Examinations.
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