The Cyprus Tax Reform Explained
The Tsielepis Tax Academy sets off its Spring Academic Calendar with an essential new seminar in English on the newly enacted tax reform package.
The Academy’s Lead Instructor, Nicolas Papapanayiotou, will first present the good, the bad and ugly of the Tax Reform and will then analyse all of its provisions and key amendments in depth.
The seminar will cover the key changes introduced by the Cyprus Tax Reform including the new penalties to be imposed for noncompliance. The seminar will delve into the comprehensive legislative changes enacted on 31 December 2025, and effective from 1 January 2026, aimed at modernising the island’s tax system. These updates align with international standards, such as the OECD’s 15% global minimum tax, and incorporate new EU directives, including the introduction of an 8% tax on crypto-asset transactions. The seminar will equip participants with actionable insights to navigate the reform, fostering informed decision-making amid Cyprus’ push for a more transparent and competitive tax environment.
The seminar will also cover the new provisions relating to the introduction of the ‘Disguised Dividend’ concept and Share Option Schemes.
The seminar is targeted towards accountants of all levels, bookkeepers, auditors, tax consultants, tax lawyers and other professionals who deal with tax matters.
Agenda
Welcome Address
Nicolas Papapanayiotou – Instructor
- Cyprus Tax Reform: The good, the bad and the ugly
- An analysis of the changes
- Collection of Taxes Law
- Assessment and Collection of Taxes Law
- Capital Gains Tax Law
Coffee Break
- Corporate Tax
- Personal Income Tax
- Special Contribution for Defence
End of Seminar
Agenda
Welcome Address
Nicolas Papapanayiotou – Instructor
- Cyprus Tax Reform: The good, the bad and the ugly
- An analysis of the changes
- Collection of Taxes Law
- Assessment and Collection of Taxes Law
- Capital Gains Tax Law
Coffee Break
- Corporate Tax
- Personal Income Tax
- Special Contribution for Defence
End of Seminar
The Instructor
Nicolas Papapanayiotou, BSc, MBA, FCCA
Director, Head of Taxation
Costas Tsielepis & Co Ltd
E-mail: [email protected]
Nicolas specialises in direct tax and is now widely considered as one the leading tax advisors on the island. His solid practical and teaching experience of Cyprus’ tax legislation and its applications position him uniquely to lead the Tsielepis Tax Academy.
Nicolas was the principal lecturer of GlobalTraining, the professional training arm of the University of Nicosia in Limassol from 2016 until June 2024 lecturing the principles of Advanced Taxation to ACCA students.
ACADEMIC & PROFESSIONAL QUALIFICATIONS
Nicolas graduated from the University of Hull where he received a Bachelor of Science Degree (BSc) in Economics and Accounting. He also received a Master of Business Administration (MBA) in Financial Management. Nicolas qualified with the Tax Department of Deloitte Ltd, Cyprus.
He is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).
PROFESSIONAL BACKGROUND
Nicolas is a seasoned tax advisor specialised in corporate and personal taxation. He has over 18 years of solid experience in the fields of national and international tax advisory and compliance.
He has been involved in a number of international corporate restructuring projects and has extensive experience in tax due diligence and international tax planning using Cyprus.
Nicolas serves a range of industries, including energy, shipping, financial services, investment and banking as well as high net worth individuals and frequently represents clients before the Cyprus Tax Department in tax appeals and disputes relating to the interpretation of tax laws.
PUBLICATIONS
He is an author of various articles, reports and presentations on Cyprus tax law and on the implementation of EU Directives. Nicolas is also an author for the International Bureau of Fiscal Documentation (IBFD) the world’s foremost authority on cross-border taxation, the home of international taxation.
Who Should Attend?
When, Where & How Much?
Limassol
Wednesday, 4 February 2026, Columbia Plaza Venue Centre
9:00am – 1:30pm
4 CPD Units (certificates of attendance will be provided)
€150 + VAT
Group Discount (for 3 persons or more): 15%
(All Group participants must be submitted in a single Registration. Multiple registration submissions from the same Group will not be granted the Group Discount.)
English