Press Release
EY Cyprus has once again been named Transfer Pricing Firm of the Year by the International Tax Review (ITR), marking the sixth consecutive year the firm has received this prestigious recognition. The ITR European Tax Awards, held on 18th September 2024, aim to celebrate outstanding achievements in tax advisory and services across Europe, the Middle East, and Africa (EMEA). Since first entering the competition in 2019, EY Cyprus has continuously demonstrated its excellence in Transfer Pricing, setting a benchmark for quality and client service.
Commenting on this extraordinary achievement, Philippos Raptopoulos, Partner and Head of Tax and Legal Services of EY Cyprus, stated: “Being selected for this award for the sixth consecutive year is a remarkable achievement that reflects the commitment, expertise, and innovative spirit of our team. Our clients rely on us for effective, cutting-edge solutions, and this recognition highlights their trust and the dedication of our people. We will continue to invest in technology and our workforce to maintain our high standards."
In addition to the firm's recognition, Charalambos Palaontas, Partner and Head of Transfer Pricing Services at EY Cyprus, was also recognized with the prestigious Leading Practitioner: Transfer Pricing Advisory Rising Star award at this year's ITR European Tax Awards. Palaontas' individual award reflects EY Cyprus' commitment to cultivating top-tier leadership within the firm.
Upon receiving the award, Charalambos Palaontas commented: “I am deeply honoured by this recognition. This award reflects the strong team behind me at EY, whose expertise have allowed us to consistently deliver high-quality results to our clients. Our team is committed to providing innovative and effective Transfer Pricing."
EY Cyprus through its international network provides tax advisory and compliance services in a wider geographic span, applicable to a range of sectors and in accordance with client needs.
