New Transfer Pricing Rules in Cyprus - How Prepared are You?

Centre of Visual Arts & Research

Wed 08 Nov 18:00

The IBSA Cyprus, together with First Names Group, have pleasure in inviting you to join Dmitry Zapol of IFS Consultants, Stavroula Vrasida of Ministry of Finance and Christos Michael & Petros Petrides of First Names Group for a discussion group meeting on Wednesday 8th November at 18:00 examining 'the Circular' introduced in June by the Cypriot tax authorities, complying with Actions 8-10 under the OECD BEPS project.


The meeting will discuss the three main requirements of 'the Circular'; substance requirement, equity risk requirement and arm's length compensation.  The 'circular' provides a completely new playing field for companies carrying out intra-group back to back financing activities to related companies.


Networking drinks and canapés follow the discussion and offers the opportunity to meet fellow members and their guests.  This event is open to the public and is free to IBSA members.


Speakers

Stavroula Vrasida
Stavroula Vrasida
Head of the Advanced Tax Rulings Unit, Ministry of Finance
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Stavroula Vrasida

Head of the Advanced Tax Rulings Unit, Ministry of Finance

Stavroula Vrasida is the Head of the Advanced Tax Rulings Unit (Direct Taxation) of the Tax Department at the Ministry of Finance in Cyprus.  She has an extensive exposure and knowledge in direct tax matters relating to corporate multinational group structures and cross-border transactions, including the application of double tax treaty provisions and she frequently participates in the drafting of direct tax legislative provisions and relevant regulations.

Stavroula is a Member of the Institute of Chartered Accountants in England & Wales (ACA), a Fellow of the Chartered Association of Certified Accountants (UK) (FCCA), an appointed member of the ACCA Advisory Committee in Cyprus, a member of the Institute of Certified Public Accountants of Cyprus (ICPAC) and an appointed member of the Regulatory Committee of ICPAC.  She is also an ADIT holder (Advanced Diploma in International Tax), hosted by the Chartered Institute of Taxation (CIOT).

Petros Petrides
Petros Petrides
Director at First Names Group
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Petros Petrides

Director at First Names Group

Petros is a Director at First Names Group in Cyprus, a leading independent global provider of Trust and Corporate Services.

He is a Fellow Chartered Accountant and member of the Institute of Certified Public Accountants in Cyprus (ICPAC).

Petros obtained a BSc in Electrical and Computer Engineering from Rutgers University in 2001 and then qualified as a Chartered Accountant of the Institute of Chartered Accountants in England and Wales with Deloitte in Cyprus.  In 2006, he joined the predecessor of First Names Group in Cyprus and since 2009, he was appointed a member of the Board of Directors.

Christos Michael
Christos Michael
Managing Director, First Names Group
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Christos Michael

Managing Director, First Names Group

Christos brings a steady hand to the tiller and understands just how vital a structured operational platform is when laying the foundations for growth. Hard facts handled with soft skills best sum up his approach to leadership and he always thinks before he speaks. In fact, Christos is well known for his impeccable manners, which are appreciated by clients and colleagues alike.

For Christos, developing future leaders is the most rewarding part of his job. Sharing his experience and helping junior staff map out their careers is what it's all about, and he knows it can make the difference between them giving up or going on. This is just one of the reasons why Christos is so proud to be part of the first fiduciary company in Cyprus to be accredited with the Investors in People Award.

Like many Cypriots, Christos received his tertiary education abroad, benefiting from both book and life experience. He completed his Masters in accounting and international finance, before training back at home as a Chartered Certified Accountant with Price Waterhouse.

Dmitry Zapol
Dmitry Zapol
Tax Advisor, IFS Consultants
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Dmitry Zapol

Tax Advisor, IFS Consultants

Dmitry Zapol is an international tax advisor with practical knowledge of the principles of individual and corporate international taxation and cross-border business planning. He joined IFS in September 2010 after earning his LLM (Tax) degree at King’s College, London. Five years prior to this, Dmitry earned his LLB at Durham University and completed an LPC at the College of Law. Dmitry is a qualified Russian lawyer — he came to the UK from Moscow, where for five years he worked as an associate at Moscow City Bar Association "Barshchevsky & Partners". Dmitry specialised in advising foreign investors exploring opportunities in Russia on corporate tax implications together with Russian and cross-border tax planning. Dmitry holds the Advanced Diploma in International Tax and is studying to become a CTA.

Venue

Centre of Visual Arts & Research

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