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World Finance votes Deloitte Cyprus Tax Team as Best Tax Team in Cyprus in 2008

Nicosia, 3 June 2008 - Deloitte Cyprus Tax Team has been voted by World Finance as the Best Tax Team in Cyprus in 2008.

World Finance is produced by an award-winning editorial team of journalists and correspondents worldwide and enjoys a global distribution network that includes the most prominent decision makers worldwide. World Finance report is distributed to 120,000 CEO's, tax executives, multi-national financial institutions and companies as well as to institutional investors and finance houses world-wide.

World Finance's award selection panel has used a wide range of criteria to reach its decision over its 2008 Awards. The more important criteria taken into consideration were the following:

  • Innovation and originality
  • Project management ability
  • Keeping ahead of the competition
  • Market leadership and geographical spread
  • Proof of development and continued progression
  • Positive media coverage
  • Previous third-party awards
  • Level of transparency and good governance

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Cyprus' status as a 'golden island' for foreign direct investment has been build on the foundations of a competitive tax regime and liberal investment policies. Economic growth may be forecast to slow slightly until 2009, but the fundamentals remain strong

April - May 2008, World Finance

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

In Cyprus, Deloitte Limited is the member firm of Deloitte Touche Tohmatsu, and services are provided by Deloitte Limited and its subsidiaries. Deloitte Limited is among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through over 400 people in Nicosia, Limassol and Larnaca. Known as an employer of choice for innovative human resources programs, it is dedicated to helping its clients and its people excel.