Our own, Alexis Tsielepis, is widely considered as the foremost expert on Value Added Tax (VAT) in Cyprus with over 15 years of experience in the field. When he says that all he knows about the future of VAT is that he knows nothing, then the rest of us should sit up and take notice of this elusive and capricious tax.

In an article published yesterday in Gold business magazine titled “The future of VAT: What could possibly go wrong?”, the outspoken Alexis talks about the paradoxes of VAT, saying that it is worrying that the future of VAT is still so unclear.

On what’s in store for VAT in the future, he invokes the Socratic Paradox, which says: All I know is that I know nothing.

Read Alexis’ comprehensive analysis here.