Uncategorized

We are thrilled to share with you an important milestone in the evolution of Costas Tsielepis & Co Ltd: The introduction of our new and improved brand identity.Our new logo represents a natural evolution of the one you have known for years. It retains the essence of who we are while presenting a more modern, simplified and forward-looking expression of our firm. It reflects not a departure from our past, but a refinement of it, shaped by where we are today and where we are heading.As our firm has grown, so too have our services, the expectations of our clients, the quality of our work and the ways in which we engage. This updated identity is designed to better reflect that reality. It is cleaner, more contemporary and more aligned with the precision, adaptability and professionalism that define our work.While the visual identity has been refreshed, our core values remain unchanged. We continue to be guided by the same principles that have always defined us: Integrity, technical excellence, responsiveness, personal attention and a commitment to providing solutions that safeguard the best interests of our clients’ business enterprises.This rebrand also reinforces our continued commitment to progress. It reflects a firm that even though it remains rooted in its heritage, it embraces evolution and change.We look forward to continuing this journey with you as we enter this next chapter together.https://youtu.be/lRMdIsvlk3Q

On Sunday, 11 January, our very own, Nicolas Papapanayiotou, was featured in a special publication by Greek-language Phileleftheros called “2026: ΕΤΟΣ ΕΥΡΩΠΗΣ”, in which the island’s top politicians, business leaders, industry experts, decision makers and opinion moulders assessed where Cyprus is headed in the year 2026 and beyond.Nicolas assessed the newly enacted Cyprus Tax Reform in an article titled: Tax Reform: The good, the bad and the ugly.A must read. Download PDF

Limassol - Audit Partner with Costas Tsielepis & Co Ltd, Costas Constantinou, retired last month after almost 34 years on the job.Costas has been with the audit firm in its current form since 1992 and retired at the age of 67. He has been working as an Auditor since 1980.In an emotional send-off on 31 December 2025, attended by the entire staff of Costas Tsielepis & Co and his family, Costas was told that his decades of service left a lasting imprint on the firm.The event was filled with heartfelt moments, as colleagues came together to celebrate a career defined by professionalism, integrity, mentorship and friendship.Moving speeches were delivered by the founder of the company, Costas Tsielepis, fellow partners, George and Alexis Tsielepis and by long-standing colleagues, who shared personal stories and reflected on the partner’s invaluable contribution to the firm’s growth and culture.The gathering served not only as a farewell, but also as a heartfelt expression of gratitude and respect for a remarkable professional journey.While his day-to-day presence at the firm will be missed, the legacy of his guidance, values, and professionalism will continue to shape the firm’s operations for years to come.The entire Costas Tsielepis & Co team wishes Costas Constantinou every happiness and fulfilment in his journey ahead.

Costas Tsielepis & Co Ltd was a proud supporter of the CYVA VAT Forum 2025, earlier this month.The firm sponsored the prestigious event and attended it with its own booth. The Forum was organised by the Cyprus VAT Association (CYVA) on Monday, 3 November 2025 in Nicosia.The Forum represents the island’s foremost conference on Value Added Tax and attracted close to 200 professionals in the field from all over Cyprus. It was opened by Deputy Minister to the President, Irene Piki, and was addressed by an impressive panel of experts from Cyprus and the EU, including the Cypriot Vice-President of the General Court of the EU, Dr. Savvas Papasavvas, Référendaire at the Court of Justice of the EU, Prof. Dr. David Hummel, the President of the International VAT Association (IVA), Fernando Matesanz, Director of IVA, Raymond Feen and PhD Candidate at the University of Leipzig, Felician Hummel.The Forum was also addressed by Partner and Director of Costas Tsielepis & Co, and co-founder and Vice-Chairman of CYVA, Alexis Tsielepis.CYVA was formed in 2019 with the aim of providing a unified and independent voice to all professionals and businesses in Cyprus on Value Added Tax matters.

Nicosia – In what has become a yearly tradition, Tsielepis staff and guests were treated to a culinary and cocktail extravaganza last Friday evening at the Metochiou 25 Lounge gardens in the Ayios Andreas area of the capital.This time, they feasted on Mexican delicacies served by Metochiou 25 every Thursday and Friday until 1 August. Mexican nights are called El Jardin Social and start with a variety of cocktails to DUI for. In the food department, there was a black bean salad to turn vegan for, mouthwatering steak cuts, finger-licking shrimp tortillas and much more.  The Metochiou 25 Lounge, owned by Chelco VAT Managing Director, Alexis Tsielepis, once again proved to be the perfect venue for some bespoke dining, creative drinking and a hefty dose of fraternisation.Alexis’ guests were seated in the Lounge’s gardens and enjoyed a relaxing night under the stars taking a much-deserved break from the bustling office environment.More fun staff events are scheduled throughout the year.For more information on Metochiou 25, El Jardin Social and the rest of the lounge’s summer events, click here.

Director and Head of Taxation of Costas Tsielepis & Co Ltd, Nicolas Papapanayiotou, was featured in Phileleftheros’ business magazine Insider, last Sunday.Nicolas talked about all the direct and indirect taxes associated with real estate transactions.Read all about it here.

Η Tsielepis Tax Academy και η Chelco VAT International Academy ενώνουν δυνάμεις για να σας μεταφέρουν μια ολιστική ανάλυση των φορολογιών στην ακίνητη περιουσία.Για πρώτη φορά μαζί, ο Αλέξης Τσιελεπής, Παναγιώτης Ιωνά και Νικόλας Παπαπαναγιώτου θα παραδώσουν ένα ολοήμερο σεμινάριο σε Λεμεσό, Λάρνακα και Λευκωσία επεξηγώντας και αναλύοντας εις βάθος όλες τις φορολογίες που αφορούν στην αγορά, πώληση και γενικά την εκμετάλλευση ακίνητης περιουσίας στην Κύπρο.Μέσω δεκάδων παραδειγμάτων, οι τρεις ειδικοί θα εξετάσουν όλες τις ισχύουσες φορολογίες στα «καινούργια» ακίνητα, στη πώληση και μεταπώληση, αντιπαροχή, ανταλλαγή, πώληση μετοχών, μίσθωση, ενοίκια και άλλες.Οι θέσεις είναι περιορισμένες.Για πληροφορίες και εγγραφές, πατήστε εδώ.

Limassol – The Costas Tsielepis & Co series of social events for 2025 kicked off with Tsielepis Art Night at Cornaro Art Institute in the old town of Limassol.The evening put into perspective what French impressionist, Edgar Degas, once said: “Painting is easy when you don’t know how, but very difficult when you do.”Tsielepis staff and guests had a great time validating his words.Art Night was held on Wednesday, 12 February and started with food and wine, which included selected delicacies from Bavarian Delicatessen in Limassol.It was followed by a PowerPoint talk by renowned local artist, Andros Efstathiou, who also runs Cornaro. Efstathiou talked about the history of the Cornaro Institute and the wonders and benefits of art in our daily lives. He then talked about his work, inspiring attendees to engage, many for the first time, to an in-depth analysis of art and what drives artists to create.Then, the highlight of the evening came when Tsielepis staff and guests took up a pencil or charcoal to draw under the guidance of Efstathiou, an accomplished artist who insisted that “everyone can paint.”After a brief introduction by Efstathiou (it was a pep talk really), the wannabe artists started to scribble on paper.During the session, the developing artworks drew (excuse the pun) quite a few grimaces from Efstathiou, who nevertheless made an effort to point out rare glimpses of artistic inclination.When forced to pick out the best drawing of the night, he chose the work of one of the Tsielepis brothers, Kyriakos, to cheers from his colleagues and a surprised look from him. Second came the ‘artwork’ of Tax Consultant, Andreas Faidonos.The Cornaro Art Institute is an independent art institution based in a historic building in central Limassol at 33, Gazi Pasa Street. The Institute works closely with other organisations in Cyprus and abroad, to promote art, culture and education in Cyprus. This includes providing studio space for artists from Cyprus and abroad, organising art exhibitions and staging lectures and conferences. For more information on Cornaro’s operations and events, call Andros Efstathiou at 99 565184.

The much-awaited seminar on Transfer Pricing by the Tsielepis Tax Academy is in full swing before a capacity crowd at the Columbia Plaza Venue Center in Limassol.Titled ‘Decrypting Transfer Pricing: The Summary Information Table (SIT)’ the seminar is taught by the Academy’s Lead Instructor, Nicolas Papapanayiotou, and focuses on which taxpayers have the obligation to complete and submit the SIT and how the dreaded table should be completed.All seats for the seminar had been filled within 24 hours of its announcement. A repeat seminar on 7 November was also filled to capacity within 48 hours.For information on upcoming seminars by the Tsielepis Tax Academy, click here.

The Tsielepis Tax Academy set off its academic program this morning with a seminar on Personal Taxation before a full house at Columbia Plaza Venue Center in Limassol.Titled ‘Taxation for Individuals: To Dom or not to Dom’ the seminar is being delivered by the Academy’s Lead Instructor and Head of Taxation of Costas Tsielepis & Co, Nicolas Papapanayiotou.The seminar focuses on how tax resident individuals are taxed, covering the basic principles of Personal Income Tax including tax residency conditions, Special Defence Contribution (Domicile) and National Health Contributions.Nicolas specializes in direct tax and is now widely considered as one the leading tax advisors on the island.More seminars on direct taxation are scheduled for the rest of the year.For more information and to subscribe to the academy’s database, click here.