What's New at KPMG

Career Counceling Services
KPMG’s Human Resources Advisory Department takes this opportunity to cordially inform you of its Career Counseling Service, which aims in providing guidance to all individuals commencing from teenage years through to young professionals. Career Counseling is now considered to be a necessity in the lives of our future professionals and is no longer simply seen as a luxury, pertaining to their future career paths. An early implementation of Career Counseling provides the young adults with the opportunity, to recognize and conceptualize characteristics shaping their Personality, their Capabilities as well as their areas of Occupational Interests. Should this opportunity be utilized at the correct time within young adults’ lives, it enables them to make subsequent and accurate choices which shall lead them to their most suitable career direction.
Program Details:
Available: It is an ongoing process
Language: English and Greek
Contact persons: Maria Petrides (Assistant Manager) and Anna Loumakou (HR Advisor)
Director: Christiana Christofi

Taxation of Investment Funds - New Tax Law Amendments
October 23rd 2009 - Cyprus Tax Laws have been amended to provide further tax incentives for the set up and operation of Collective Investment Schemes.

KPMG Academy: Seminars July – December 2009
The Academy organizes in-house and open training programs, as well as international symposiums and conferences to address a wide range of areas which include: technical and financial matters, selling, marketing and customer relationships, leadership and human resource management, and essential professional skills.

The future of payments
Opportunity or threat for Europe’s banks?
This paper presents the results of a survey carried out by KPMG in the summer of 2007, focusing on the likely changes in the payments industry over the next ten years, mainly from the perspective of a retail bank in Europe.

2009 KPMG Compensation and Benefits Survey for Cyprus
Following the successful completion of the 2008 KPMG Compensation and Benefits Survey and our commitment to conduct this survey every year providing the companies with new and valuable information we are pleased to announce the initiation of the 2009 KPMG Compensation and Benefits Survey.
Aiming to provide the companies with valuable and significant information which will enable them to build a competitive advantage in the labour market, the main objectives of this Year’s Survey are to: 
» present the common policies, practices and strategies of Compensation and Benefit implemented by a representative sample of Companies operating within the Cyprus Market
» present Remuneration and Benefits Data of 164 generic and industry-specialized positions (versus 77 positions presented in the 2008 KPMG Compensation and Benefits Survey)
» present the common Human Resources practices implemented by the companies in order to better manage the Economic Crisis (i.e. redundancies, pay cuts etc) as a special subject for the year
Click here to download our registration form.

Tax Card 2009 - Cyprus (English/Greek)
The KPMG Tax Card is published annually by KPMG Limited, as a quick-reference tool, listing summarily the commonly applied tax rates and amounts. The information in this booklet is designed to enhance the public’s general awareness of the Cyprus tax system and provide the basic outlines of taxation and should only be referred to as a basic reference. For any additional clarifications, detailed tax advice will need to be sought.

2008 International Annual Review
The Review highlights client relationships and addresses global conversions to IFRS, the need for improved infrastructure, sustainability, and cost optimization. It also profiles global programs, team members, and citizenship initiatives.

Summer Placement Programme 2009
A highly dynamic programme, our Summer Internship Programme constantly aspires to become increasingly challenging and stimulating. Our ultimate goal? To capture and convey to the young generation the spirit of todays business arena.  A programme addressed to you, all those students seeking to explore their career opportunities and enhance their knowledge, our primary aim is to give you a great insight into KPMG, our business, our clients, our people and our culture. In short, our Programme is a fantastic way to experience the business world and develop new skills. Join us for our fixed 4 weeks Summer Internship, which runs in two separate sessions, and gain experience within KPMG Audit, Tax or Advisory practices.

Individual Income Tax Rate Survey 2008
KPMG’s International Executive Services practice has provided insights into personal tax trends by conducting their first cross-border survey with historical data from 2003 to 2008 in their new report, Individual Income Tax Rate Survey 2008.
The report looks at how people have been taxed in different parts of the world, and how different governments approach the difficult task of raising funds for necessary public services without the losing support of their citizens.
Covering 87 countries, the report concentrates on the highest level of personal tax payable to the central government. Of the 87 countries surveyed, 33 have cut their rates in the past six years and only seven have a higher top rate in 2008 than they did in 2003.

Embracing change? - Global Construction Survey 2008.
In 2008 we looked at four key areas impacting the industry: Resource shortages, Risk management, Escalating costs, Sustainability. I believe that the results will make compelling reading for anyone involved in the industry.

2007 International Annual Review
Combined revenues for KPMG member firms increased to U.S. $19.81 billion for the fiscal year ended Sept. 30, 2007, versus U.S. $16.88 billion for the prior fiscal year, reflecting double-digit growth across all service lines.

KPMG firms' global revenues 2006
Combined growth of 7.6% in US $ for the fiscal year '05-'06. Growth among member firms in fast developing countries, new clients and an increase in the number of employees worldwide.

Global Anti-Money Laundering Survey 2004:
Recent estimates suggest that US$500 billion to $1 trillion is laundered worldwide annually by drug dealers, arms traffickers and other criminals.