This document provides information about the international tax advisory firm Taxatelier Ltd. It is based in Nicosia, Cyprus and offers services including international tax advice, tax compliance, and indirect tax. The firm was founded in 2014 by experienced tax professionals and is led by Managing Director Neofytos Neofytou, who has almost 40 years of tax experience. Taxatelier provides tailored tax advice and solutions to multinational corporations and high net worth individuals.

1. International Tax Advice.
Tax Compliance.
Indirect Tax Services.
www.taxatelier.com.cy
Taxatelier Ltd
www.taxatelier.com.cy
Delfon Street 10, 5th floor
1101 Nicosia, Cyprus
P.O Box 24699, 1645 Nicosia, Cyprus
Tel: + 357 22 875720
Fax: +357 22 875721
Email: info@taxatelier.com.cy

2. Table of
Contents.
01 About
02 History
03 Our Services
04 Why Taxatelier
05 Clientele
06 Our approach
07 Ethics
08 Directors
09 Contact us
Delfon Street 10, 5th floor
1101 Nicosia, Cyprus
P.O.Box 27777, 2433 Nicosia, Cyprus
Tel: + 357 22 875720
Fax: +357 22 875721
Email: info@taxatelier.com.cy
Tax Compliance. Indirect Tax Services.
International Tax Advice.
www.taxatelier.com.cy

3. About
Taxatelier
Welcome to Taxatelier Tax firm.
Based in Nicosia, Taxatelier is a premier boutique tax
firm that exclusively practising in the field of Cyprus and
international tax. The firm combines the expertise, and
professionalism and knowledge of serving international
clients for a considerable number of years (both locally
and abroad) with the personal approach, responsiveness
and creativity of a boutique firm.
Our directors are amongst the most experienced
professionals and are generally recognized as some of the
best tax advisors in Cyprus with proven track records and
high reputation, both within Cyprus and abroad.
Our philosophy was to create a great team which
combines long-term and top expertise with young and
enthusiastic dynamism in handling a very high profile
clientele. This will allow us to develop fresh and creative
strategies through sharing our expertise and passion to
serve the best interests of our clients.
We very much look forward to having the opportunity to
work with you.
This international tax firm houses the
well known international tax expert and
advisor Neofytos Neofytou with almost 40
years of tax experience in Cyprus and
International matters.
page | 2
Excel
lence
in tax
ation.

4. History
Taxatelier was founded in December 2014 by joining
forces between the directors of KDC Chartered
Accountants Limited and Neofytos Neofytou (formerly an
EY Senior tax partner).
KDC Chartered Accountants Limited was established in
2008, offering top quality audit and tax services to a very
high profile clientele. Due to the nature of its clientele it
was decided to separate the practices of audit and tax and
to appoint Neofytos Neofytou as the new Managing
Director of the tax firm. This, will ensure firms
independency and specialization.
Neofytos Neofytou is one of the most recognized name
and respected persons in the tax society with extensive
experience as a Senior tax partner in EY.
As a boutique tax firm, we are committed to quality,
personal approach and effectiveness. Our tax advisors
are consistently recommended by leading independent
tax directories.
For Taxatelier, success does
have its own road through
quality and expertise.
page | 4
Quality.
Personal Approach.
Effectiveness.
An exclusive, boutique tax firm

5. Our Services.
Why
Taxatelier
Clientele
The globalization of the world’s economy has
made effective tax planning a crucial factor for
the success of all business endeavors. We can
help you to tax plan.
Our clients include
Cyprus multinational corporations
High net worth individuals
We assist our
clients with all
aspects of their
cross-border tax
transactions and
tax compliance
from setting up
a tax effective
corporate
structure, to
reorganizations,
mergers and
acquisitions. Exclusive tax firm
Professionals with high experience
and deep knowledge
Proven history records with
successful tax challenges
Four directors provide continuation
and stability
International tax qualifications
(ADIT, Transfer Pricing dipl)
Very high profile clientele
International Tax Advice
We ensure that our business clients comply with
the requirements of the tax regulations while not
paying any more tax than they have to.
Tax Compliance
Our tax specialists assist clients with VAT
compliance requirements and provide services
in relation to VAT reviews.
Indirect Tax Services
page | 6
Our clients are engaged
Oils and derivatives;
Financial services;
Intellectual Property;
Non profit organizations;
Manufacturing;
Real estate;

6. Work.
Respect.
Excellent service, high
quality and quick turn-
around of drafts.
Our
Approach.
01
Perusal of relevant documents and
information in relation to the existing
structure. Raise questions, where
necessary.
Information
Gathering
02Analysis of implications from a Cyprus
tax perspective. Preparation of a
detailed report with outlining our
recommendations to the client.
Tax Advice
03Preparation of implementation plan,
including documents list. Tax ruling to
be obtained (if necessary). Issuance of
tax opinion.
Implementation
page | 87 | page

7. Here at Taxatelier, we abide
by a strong code of ethics &
uphold the highest standards
of professional conduct.
Ethics. It is about building trust and
promoting teamwork.
Respect
Commitment to excellence and
dedication to quality in all our
services.
Excellence
The autonomy to pursue the best
answer for all constituents, free from
undue influence or pressure.
Independence
Demands that we act fairly, ethically
and honestly. This requires us to have
the courage always to be accountable
for our decisions.
Integrity
Provide our employees with a challenging and
rewarding career path as their contribution and
loyalty has been instrumental in our success
today.
Employees
At Taxatelier, we believe in taking our corporate
responsibility very seriously. We have always
believed that we all have an obligation to the
community in which we operate.
Corporate Social Responsibility
page | 109 | page

8. Meet the board
of directors.
page | 109 | page
>

9. Neofytos Neofytou
Managing Director
T: +357 (0) 22 875720
E: nneofytou@taxatelier.com.cy
Contact
Neophytos Neophytou is a Fellow Chartered
Accountant of England and Wales. Between the
years 1984 – 2013 he has been a partner of Ernst &
Young and Head of Tax Services of the Cyprus Firm,
as well as a partner in the International Tax Services
Group of Ernst & Young, a group involved in
multinational operations. He served as President of
the Tax Committee of the Institute of Certified Public
Accountants of Cyprus, of which he has been a
member for about 35 years. He also served as
President of the VAT Committee of the Institute of
Certified Public Accountants of Cyprus.
He is currently a tax advisor to the Institute of
Certified Public Accountants of Cyprus advising
members on tax issues. He has also participated on
behalf of the Institute in contacts with the Ministry
of Finance negotiations, the House of
Representatives, the Inland Revenue Department
and the Cyprus Chamber of Commerce and Industry
on tax legislation issues. For the last six years he is
also acting as a special advisor to the Minister of
Finance on double tax treaties issues and
negotiations and tax advisor to the Cyprus Chamber
of Commerce and industry.
He has extensive experience in international tax
planning, on structuring operations and group
structures for international clients in the oil and gas
industry, the banking and financial industry, the
construction and hotel industry, the manufacturing
and service industries etc. and his clients included
major local and international groups. He is a
frequent speaker on seminars, training courses and
conferences on tax planning, substance and
transparency issues and application of double tax
treaties and exchange of information issues.
page | 1413 | page
Costas Savva
Director
T: +357 (0) 22 875720
E: csavva@taxatelier.com.cy
Contact
Costas Savva is a Fellow Certified Chartered
Accountant and qualified Tax Consultant with 14
years’ experience in private practice including a
managerial position at KPMG. Costas is also a
member of the Institute of Certified Public
Accountants in Cyprus (ICPAC).
Costas advises clients on all taxation issues and has
particular expertise in Corporate Tax and VAT.
Costas has advised individual and corporate clients
on business sales and acquisitions, corporate
reorganizations, cross-border mergers and
succession planning including multi-location
projects. He has also advised foreign businesses
setting up operations in Cyprus and has provided
VAT advice to a trading company that operates in
many countries all over the world as well advised
successfully a large group on the IP structuring in
Cyprus.
Costas focuses on meeting client’s tax structuring
needs to manage the overall incidence of taxation
on personal and corporate income and wealth.
Costas also represents clients at negotiations with
the Tax Department, formal tax appeals and
technical interpretation disputes. He has been
engaged with some of the most significant tax issues
in Cyprus and helped the Firm enhance its
reputation, since he has successfully challenged
several tax cases.

10. Christos Theophilou
Director
T: +357 (0) 22 875720
E: ctheophilou@taxatelier.com.cy
Contact
Christos Theophilou is a member of the Institute of
Chartered Accountants in England & Wales
(ICAEW), the Institute of Certified Public
Accountants in Cyprus (ICPAC), and an International
Tax Affiliate of the Chartered Institute of Taxation
(CIOT). Christos qualified with KPMG (Cyprus) and
holds a 4 year Bachelor’s Degree in Economics and
the Advanced Diploma in International Taxation of
the CIOT. Christos also holds the transfer pricing
certificate of the CIOT.
Christos is specialized in tax issues with an
international dimension, such as private equity
structuring, cross-border investments and
international trade. Christos has a strong track
record in cross-border investment structures and
structured finance.
Christos has also been at the forefront of
developments in the Cyprus tax market by
launching the first international tax school in
Cyprus for the last 5 years. Christos was recently
elected as the Director of the Polish Cypriot
Chamber of Commerce.
page | 1615 | page
Demis Ioannou
Director
T: +357 (0) 22 875720
E: dioannou@taxatelier.com.cy
Contact
Demis Ioannou is a member of the Institute of
Chartered Accountants in England & Wales (ICAEW)
and the Institute of Certified Public Accountants in
Cyprus (ICPAC). Demis qualified with KPMG
(Cyprus), studied in the UK and is a holder of a first
class (BA Hons.) degree in Accounting and Finance.
During his studies he has won a cash prize award
from KPMG (U.K) and a University prize award.
Demis has a wide range of experience in relation to
the Cyprus and international taxation of corporate
entities and individuals. Demis has advised
corporate clients on the energy sector, trading in oil
products, derivatives and on individuals relocating
to Cyprus. His clients included major local and
international groups and high-net-worth
individuals.
Demis has written exclusive publications to clients
regarding Cyprus and international taxation
matters. He has recently been advising a large oil
company regarding treaty benefits provisions and
“re-domiciliation” issues.