Innovative Cypriot International Taxation Examination Launched

The Chartered Institute of Taxation (CIOT) is launching a new examination paper in Cypriot International Taxation. The new paper will be of interest to tax professionals across the world, including in Cyprus itself, who deal with Cypriot international tax issues. These include specialists from professional services firms, multinational corporations, tax authorities and academics.

The paper is a new option available as part of the international tax qualification, ADIT (Advanced Diploma in International Taxation). Success in the paper is achieved by passing a supervised three hour written exam available in locations around the world, including Cyprus, in either a handwritten or on-screen format. The Cyprus Option Paper joins a suite of ADIT Option Papers now covering eleven jurisdictions, representing roughly two thirds of the global economy.

Speaking on behalf of the Institute, CIOT President Stephen Coleclough said:

“The ADIT qualification is a global benchmark of quality and an independent means of demonstrating international tax expertise. This new paper will enable tax practitioners to prove their expertise in the international taxation system of Cyprus. Employers can be assured of the competence of international tax teams dealing with Cypriot international taxation issues, gaining an edge on their competitors, and providing reassurance to clients.

"The flexible study options available make the paper ideal for the busy professional.”

Commenting on the development, eminent Cypriot tax expert, CTA, FCA and leading tax consultant Savvas E. Savvides said:

"The ADIT Cyprus option paper expands upon the knowledge base possessed by tax practitioners and specialists in Cyprus, whilst reassuring clients of the holder’s international tax expertise. The paper is unique in requiring candidates to develop and apply their understanding of the cross-border implications of Cypriot tax structures, legislation and treaties, including prominent double taxation treaties, tax and VAT circulars, and court decisions. Practitioners completing the paper will improve the services provided in international tax advice, and be able to demonstrate to clients that they have value-added international tax experience."

Further information about the Cyprus Option Paper is available here.