Our congrats to our member firm in Cyprus, Premioserve that was recognized as the Transfer Pricing Advisory Firm of the year in Cyprus within the Global Advisory Experts Awards 2020.
Premioserve Limited provides transfer pricing services to Multinational Enterprises (MNEs). Such services include the performance of transfer pricing studies, the development, and documentation (Master/Local files) of transfer pricing policies consistent with their business models, Value Chain Analysis (VCA), advice on profit allocation between group entities, implementation of tax technology on identifying/monitoring/documenting intra group transactions, as well as restructuring of operations and assistance on dispute resolution.
In recent years, the firm has been involved in a number of transfer pricing projects for MNE groups operating in and through Cyprus. The director and team leader is Lefteris Androkli, who has more than 17 years’ experience in the profession, being a Fellow Chartered Accountant (ICAEW). Mr. Androkli also has an advanced diploma in Transfer Pricing from Thomas Jefferson School of Law and an Advanced Professional Certificate in International Taxation from IBFD.
Mr. Androkli explained that Premioserve’s core strengths are the deep theoretical and practical knowledge and expertise it offers on transfer pricing connected with international tax issues. Therefore, the firm can offer a comprehensive advisory service to MNEs, encompassing tax, and transfer pricing challenges.
Looking to the future, the firm plans to enhance its global presence in the US and Latin America area, through networking with similar firms, as well as implementing a new tax technology software/platform for tax and transfer pricing services.