The Cyprus VAT Association (CYVA) presented earlier this week a zoom webinar on the new VAT Omnibus Law (Πολυνομοσχέδιο ΦΠΑ) to close to 100 professionals from all over Cyprus.
The webinar was held between 9-11am on Tuesday, 6 October 2020 and was jointly delivered by the Chairwoman of CYVA, Demetra Constantinou and Vice-Chairman, Alexis Tsielepis.
The two experts talked about the rationale behind the new law and analysed in depth its provisions. A plethora of illustrative examples were used in an effort to help participants clearly understand the implementation and importance of the newly enacted amendments.
At the same time, the two presenters took questions from the audience and even made suggestions on how the Cyprus Tax Department could have implemented certain provisions differently.
CYVA was established in late 2019 with the aim of providing a unified and independent voice to all professionals and businesses in Cyprus on Value Added Tax (VAT) matters.