Press Release
EY Cyprus has been recognised by International Tax Review (ITR) as Transfer Pricing Firm of the Year for the eighth consecutive year. The award was announced at the ITR European Tax Awards, an internationally recognised event celebrating excellence, innovation and outstanding achievements in tax advisory services across Europe, the Middle East and Africa (EMEA).
This significant award further strengthens EY Cyprus’ position as a provider of Transfer Pricing services in Cyprus and the wider region. It also highlights the firm’s longstanding commitment to technical excellence and to delivering solutions that create value for its clients. This commitment takes on particular significance at a time when businesses must navigate an increasingly complex international tax environment.
Philippos Raptopoulos, Partner and Head of Tax and Legal Services at EY Cyprus, commented:
“Receiving this award for the eighth consecutive year is a remarkable achievement and reflects the trust our clients place in us every day. It also highlights the strength of our people, the quality of our relationships and our commitment to evolving continuously alongside the needs of our clients.”
Charalambos Palaontas, Partner and Head of Transfer Pricing Services at EY Cyprus, said upon accepting the award:
“It is a great honour for me to accept this award on behalf of EY Cyprus. This recognition, however, belongs first and foremost to our Transfer Pricing team and reflects their expertise, dedication and unwavering commitment to excellence. I am immensely proud of what we have achieved together and grateful for the passion, team spirit and professionalism they demonstrate every day.
It also reflects the trust our clients place in us and the collective efforts of our people, who are the driving force behind our continued success. The strong relationships we have built with our clients over the years affirm the quality of our services. On behalf of the leadership team, I sincerely thank every member of our Transfer Pricing team for their vital contribution to this success.”
Reaching the top is a challenging journey, but remaining there is even more difficult. For EY Cyprus, this eighth consecutive win not only validates the progress it has made to date, but also provides powerful motivation to continue evolving and setting even more ambitious goals.
This commitment to continuous evolution takes on even greater significance as global tax transparency requirements intensify and businesses face increasing scrutiny of their transfer pricing arrangements. In this demanding environment, EY Cyprus continues to be at the forefront of these developments, helping organisations manage risk, ensure compliance and develop sustainable transfer pricing strategies aligned with their business objectives.
The award further strengthens EY Cyprus’ reputation as a trusted tax adviser and reflects its continued investment in people, technology and innovation. Drawing on EY’s global network, the firm provides integrated tax, legal and business consulting services, helping organisations address complex cross border challenges and create long term value in a rapidly changing world.
