October 12, 2017

Panayiotis Panayi aces Expert in European VAT degree

Limassol – Senior Consultant with Chelco VAT Ltd, Panayiotis Panayi, has earned the coveted Expert in European Value Added Tax (VAT) diploma after graduating at the top of his class.

After two years of classes in Belgium and Barcelona, a thesis analyzing the VAT complexities of holding companies, a three-hour written and an hour-long oral exam, Panayiotis was awarded the Expert in EU VAT degree finishing first in his class. He now joins the ranks of only 58 top experts across the globe that hold the coveted degree, including the Managing Director of Chelco VAT, Alexis Tsielepis.

The Expert in EU VAT degree focuses on the EU VAT Directive, how it applies across Member States and the relevant judgments of the European Court of Justice. It is awarded only to experienced VAT professionals who are brave and competent enough to undertake the high-level course and successfully complete it. The degree is administered and awarded by the VAT Forum, an international partnership of indirect tax specialists, founded in 1999.

“It’s been a hard couple of years and I am very happy to have reaped the rewards of my efforts,” an elated Panayiotis commented shortly after the graduation ceremony in Brussels on 5 October 2017.

“The degree and its curriculum have given me the tools and the opportunity to evolve as a VAT professional to a level I did not think possible when I first started this journey. Knowledge and specialisation is what keeps us at the top of the game in VAT and I am proud to be part of the Chelco VAT team, which supports its staff to continue their studies at such a competitive level,” he said, adding:

“Some say work hard, play hard, I would say work hard, learn hard. If you love what you do then work becomes play.”

Commenting on his senior consultant’s success, Alexis Tsielepis said that “Panayiotis’ knowledge of VAT is now on a different level,” adding:

“Having successfully completed this admittedly demanding degree, it is abundantly clear that the Chelco VAT team stands at the pinnacle of VAT consulting in Cyprus. Our level of VAT knowledge and VAT expertise positions us as market leaders in comprehensive and reliable VAT advice. I am excited with what we can achieve, for the benefit of our firm and our clients and look forward to tackling the many challenges that lie ahead for us.”

An Associate Chartered Accountant (ACA), Panayiotis has close to 10 years of experience in VAT and has authored a number of articles on matters pertaining to Cyprus and EU indirect taxation.

Chelco VAT Ltd is the island’s first VAT-dedicated firm and is now considered the foremost authority on indirect tax matters in Cyprus. It is also a leader in the organisation and delivery of VAT seminars, workshops and in-house technical courses via its educational arm, the Chelco VAT International Academy.