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Welcome to IAPA’s Quarterly newsletter

Q3, September 2016

SSeptembe20162016

2016

IAPA - A global association of independent accountancy and business advisory firms

200 member firms 68 countries >1bn USD turnover

DISPATCHWORK IAPA’s quarterly news publication containing news

and information for Members of IAPA

Creating the fabric of a global society

Global Support.

Local Knowledge.

IAPA Social

Words from the CEO

The Accountant & International Accounting Bulletin Conference and Awards

including our corporate video and

highlights of IAPA events.

IAPA social media presence has

also been a success with this

campaign, including new activity on

Twitter and LinkedIn.

Members should now be aware

that, via the new Members’ Portal,

you have access to a “Marketing

Pack” (including PowerPoint slides

and a brochure) for you to promote

your membership to your clients,

potential clients, and

intermediaries, along with of course

the quarterly editions of this

newsletter. We have several

applications in the pipeline and, as I

write this, site visits are being

prepared. I hope we will soon be

able to announce the recruitment of

some new members into our group.

As I look forward into the months

ahead, we have the ability to

achieve further and even greater

success.

As you are aware, a lot of our

efforts have been focused on the

sessions with our Strategic

Committee, looking at ways to

further advance and progress IAPA

for the benefit of all members and

Welcome to the 3rd edition of the

hugely popular IAPA newsletter,

Dispatchwork.

I am now very much into my

second year as CEO of IAPA and

looking back on my first year we

have achieved many successes. It

is wonderful that this has been

acknowledged by IAPA being

nominated as a finalist for the

International Accounting Bulletin’s

“Association of the Year” award.

By the time of our Rio meeting we

shall know whether we have been

judged as overall winners. I am also

personally pleased to be amongst

candidates for the Personality of

the Year award. This is a great

honour.

We have been recognised for our

achievements over the past 12

months. Our new brand concept,

which flows throughout this

publication, was extremely well

received, revamping our website

with the new message of ‘creating

the fabric of a global society’. Our

marketing collateral was also

updated, including the creation of

our YouTube channel “IAPA TV”,

now showcasing 8 IAPA videos

of course our talks regarding

our collaboration with Allinial

Global continue.

This potential alliance,

teaming up with multiple, high

calibre firms, continues to be

discussed and deliberated up

to our Rio de Janeiro meeting.

I write this in between travels,

having just returned from a

productive trip to Dubai , in

preparation for our joint

regional meeting next March

between the EMEA and Asia

Pacific regions, and I am

about to fly to Canada to take

part in the BHD annual

conference in Winnipeg.

Immediately following this, I

will attend the Fly-in/Fly-out

meeting in Paris which centres

around the topic of how to

expand your professional

network of contacts.

I look forward very much to

these meetings and to seeing

those of you who will be at our

annual global event in Rio next

month.

Best Wishes,

Stephen Hamlet.

Still time to register for Rio…

IAPA International Conference

Rio de Janeiro, Brazil

23-26 October 2016

Visit the IAPA Portal for full details

Congratulations to IAPA – IAB Award Finalists

an Award

IAPA – 2016 ‘Association of the year’ finalist

IAPA CEO, Stephen Hamlet – 2016 ‘Personality of

the year’ finalist

The morning continued with key

topics including ‘IT Utilization and

Billing Distribution’ followed by

‘Marketing your Firm’ in the

afternoon. The historic Fort Garry

Hotel in Downtown Winnipeg was

the location for the sumptuous

dinner and evening

entertainment.

The annual BHD

Conference update:

Who’s Who @ IAPA

International Board

Jan Huygens

Chairman

Adam Wilson

Finance Director

Martin Clapson

Vice-Chairman

Tom Rex

USA Regional Chair

Norberto

Bruschi

Latin-American Regional Chair

Mohd Noor

Abu Baker

Asia-Pacific Regional Chair

John

Campbell

Canadian Representative

The PKBW Group hosted this

year’s BHD Canadian Group

Annual Conference in Winnipeg,

Manitoba. As is tradition the

Conference Programme

commenced with a welcome

Cocktail Party on the Thursday

evening, at the Inn at the Forks

Hotel, giving delegates an

opportunity to network and catch

up with each other; familiar faces

and new.

The official Conference began on

the Friday morning with a

presentation from Stephen

Hamlet who gave an overview of

IAPA, the new branding concept

and an update on recent talks

regarding the collaboration with

Allinial Global. Jan Huygens

followed this by focusing on the

IAPA 2016 Strategy Review. The

meeting offered BHD members

the opportunity to understand

first-hand the progress so far,

what this might mean for the

Canadian group and to ask any

questions.

Alphons van de

Ven

EMEA Regional Chair

Saturday began with the BHD

AGM, where John Campbell was

re-elected as the IAPA BHD

representative. This was followed

by a fascinating sightseeing day

including the ‘Journey to

Churchill’ award winning exhibit at

the Assiniboine Zoo and a guided

tour of the Human Rights

Museum. A cocktail reception

and dinner officially closed the

Conference.

IAPA connecting

globally:

IAPA website stats:

Jan-Sept 2016

76% new visitors

IAPA TV Stats:

IAPA Corporate video:

350 views

IAPA International

Conference

Hong Kong video:

140 views

IAPA Latin American

video:

115 views

IAPA Marketing video:

82 views

IAPA Newsletter:

Quarterly updates to our

global members

>200 tweets

500+ followers

tweets

The Annual Madison Group Conference

was held on 14-15 July 2016 at the

Westin Hotel in Melbourne, hosted by

HMH. All IAPA Australian member firms

were in attendance:-

Basso Newman (Adelaide)

Castletons (Sydney)

HMH (Melbourne)

Paragon (Perth)

Prosperity (Newcastle, Sydney,

Brisbane)

During the two day conference the firms

opened up their books for peer review,

held robust discussions on issues facing

different cities, whilst providing support

and feedback to each other.

The group invited external presenters

to the conference to discuss topics

such as digital marketing, negotiating

business transactions and balancing

work, heath and family.

The event was enjoyed by all,

particularly the social catch ups

between long-time friends. The group

look forward to the next IAPA Asia-

Pacific meeting, to be held with the

EMEA region in Dubai, March, 2017.

IAPA EMEA and Asia Pacific joint conference

17-19 March 2017 DUBAI

16 March 2017 Golf Networking day

Save the dates…

The annual Madison

Group Conference update:

A reminder of key timings:

-Letter of Intent signed end April 2016

-AG Firm Management Forum attended by members of

the IAPA Integration Committee, in mid-May 2016 in

Orlando, involving initial discussions with AG

International board amongst others.

-IAPA EMEA Vienna and IAPA US Portland meetings

attended by AG representatives.

-AG International Meeting in Washington DC attended

by the IAPA Integration Committee for the first official

Integration Committee meeting on Monday, 27 June.

- IAPA and AG Integration Committees met on 13

September to continue collaboration talks.

-Intention to have a formal proposal to present to

members at Rio de Janeiro global meeting end of

October 2016.

-Vote by members in respect of official collaboration at

the International AGM on Tuesday 25 October 2016.

IAPA New Members:

IAPA is delighted to welcome the following new member:

Acconsis, Munich, Germany

IAPA Strategy Update:

Talks continue with AG:

Mid-September: the IAPA and Allinial Global

integration committees met in London on 13

September, to continue discussions about the

collaboration between the two associations.

Talks remained extremely encouraging, with

various uncertainties deliberated extensively.

Solutions were sought on many items,

including Governance, Operating structure,

Dues structure, and name/branding.

A paper is now being written which will be

emailed to members prior to our AGM in Rio.

This paper will outline the points the

integration committee members discussed

and have approved in order to proceed with

the merger between our two organisations.

Continued on page 6…

Acconsis managing directors were formerly partners of IAPA member

firm, Consilia. Now leading a team of 70, they continue to offer

comprehensive tax, audit and accounting services to a wide range of

foreign and domestic clients.

Contact Partner: Stefan Herzer . E: s.herzer@acconsis.de

T: +49 89 54714-3. www.acconsis.de

IAPA currently has applications from Romania, Saudi Arabia, Tunisia and Brazil in the pipeline.

Combination of IAPA and AG at a glance:

What could this all mean?

Sharing the resources of both organisations will

result in much more regionally focused operations,

with the IAPA team in the UK looking after Europe,

the Middle East, Africa and India (EMEAI), the

Allinial team in Atlanta focusing on the Americas

region (US, Canada and Latin America), and with

both teams jointly building the Asia Pacific region

until that region is strong enough to create its own

office and team.

Stephen Hamlet commented:

“Both sides continue to see the immense benefits of

this collaboration; being the creation of a much

stronger presence in the US for IAPA, leading to

more commerce flowing within that region and

around the globe. This has already been witnessed

by several firms who have started to engage with

Allinial members. The combined strength of the

group will also help attract more internationally

focused members in key locations around the world.

We are excited to have this opportunity and continue

to work very hard to achieve the best outcome for

our organisation and our members.”

A reminder of the facts:

- AG is an association of independent firms,

having left PKF International, and now looking

for global connectivity

- The membership consists of some 100 US

firms, although they have started to recruit

firms outside the US (recently in China, India,

South Korea, for example). AG already also

had some firms in Canada and in Mexico

-Their HQ is in Atlanta, Georgia, where a large

team provides services to US members

(Communities of Practice, Marketing

resources, IT, Practice management, Learning

& development, HR, and Technical support)

- As a combined entity, the turnover of all AG

and IAPA firms would equal US$2.6bn, making

it the 3rd largest association of independent

accounting and business advisory firms in the

world (see above)

News from IAPA members:

Congratulations to Jose Ramalhete, IAPA’s Portuguese member:

Jose is pleased to update IAPA members that he has a new Partner in his firm, Mr José Rafael. His firm ’s name will

therefore change to: JOSÉ RAMALHETE & BARROS RAFAEL – SROC, LDA.

Jose Rafael is a Chartered Accountant, having joined the firm in 2010 and previously worked in some of the largest

auditing firms, BDO and Ernst & Young.

UAE and other GCC firms alerted to get ready for VAT

Kothari Auditors & Accountants - UAE

Businesses in the UAE and the rest of

the Gulf Cooperation Council (GCC) have

been alerted to gear up for the new

system of value-added tax (VAT).

Although there are still unresolved issues

concerning the specific tax mechanism, it

is advisable for companies to create

awareness and look into the potential

impacts of the new taxes on their

business including margins, cash flow

and tax compliant strategies for a

smoother transition.

The common treaties which will cover the

implementation of excise tax and VAT on

1st January 2017 and 1

st January 2018

respectively are to be declared in the last

quarter of the year.

The money collected through VAT and

excise taxes, by businesses and

companies, is to be regularly submitted

to the tax authorities via tax

returns.

VAT is collected on every

payment of certain goods and

services, while excise tax is

usually applied only on certain

merchandise/products during the

import or production stage. A

standard 5% VAT is expected to

apply across the GCC.

Registered companies would be

required to keep VAT books and

records for specific time periods,

issue VAT invoices for their

supplies and report all VAT on

sales and purchases. While for

excise tax, the businesses that are

into the import and/or local

manufacture of goods that are

subject to excise tax will need to

register with the tax authorities,

keep excise tax records, submit tax

returns at regular intervals and keep

record of customer and transport

documents.

Additional revenues generated

from the introduction of VAT and

excise tax in the UAE and GCC will

aid their governments to reduce

hydrocarbon dependency.

Each member state is expected to

issue its own national VAT and

excise tax legislation along with the

implementing regulations according

to each member’s state’s national

legislative process. This is best

done prior to the go live date

allowing businesses ample time to

get prepared.

For more information, please contact: Nirav Shah

Email:nirav.shah@gbsei.com Mobile: +971-52-2502166

With the purpose of regulating

properly the activity of short term

touristic lettings, Portugal has

introduced the Local Lodging Regime

(in Portuguese Alojamento Local or

AL), allowing for real estate owners to

qualify their rental income as business

income for Personal Income Tax

purposes.

Tax framework

In this new concept of local lodging,

real estate owners or entitled users

(henceforth property holders) may

provide legally an activity of short term

touristic services.

For this, it is only necessary to send

a communication form addressed to

the local Town Hall, and comply with

certain quality requirements.

This activity will be qualified in the

framework of category B (business

income) regarding Personal Income

Taxation, instead of category F

(rental income). This determines a

change in the method of determining

the taxable income.

Advantages

For property holders that opt for an

accounting based taxation, it

becomes possible to deduct all

expenses related to the property,

including the depreciation of the

property purchase price and

financial costs.

Alternatively, opting for a

simplified tax regime, the taxable

income will correspond to 15

percent of the annual turnover.

Being the tax rate applicable to

non-residents 25%, the final

Personal Income Tax will

correspond to 3,75% of the total

income

.

For more information, contact José Ramalhete

Partner

+351 917 549 320

jose.ramalhete@collegium.pt

Local Lodging Regime for property rentals in Portugal

The Portuguese Non-Habitual Resident’s special tax regime

The non-habitual resident’s tax

regime aims to attract qualified

professionals to Portugal as well as

pensioners that earn foreign source

pensions.

Since the regime was approved in

2009 thousands of foreigners have

changed their residence to Portugal

and obtained the NHR benefit, which

applies for a 10-year period.

The fantastic weather and safety

conditions of Portugal and the

hospitality of the locals also contribute

to the success of this regime.

The regime is applicable to

individuals qualifying as Portuguese

tax residents that have not qualified

as such in the previous five years.

An individual qualifies as a tax

resident in Portugal if:

• he spends 183 days or more

in any 12 months’ period; or,

• he has a residential

accommodation available on

any day of the above

mentioned period, suggesting

that it is their habitual

residence.

Under the special regime,

employment and self-employment

income obtained in Portuguese

territory, deriving from high technical

activities by non-habitual residents is

taxed at a special 20% flat rate.

Foreign sourced pensions income is

tax exempt.

Additionally, foreign sourced

employment and self-employment

income, royalties, interest,

dividends, rental income and

capital gains are, as a general

rule, exempt from taxation in

Portugal.

Updates from Portugal

News from JM Corporate Finance, The Netherlands (IAPA associate

member)

Women and acquisition of companies

Recent research in the Netherlands (by

Brookz.nl) shows that the number of

women doing an acquisition is extremely

low compared to the number of male

buyers. Only in 6.6% of all acquisitions a

woman is involved.

The top 3 reasons why women are less

likely to take over a business than men

are as follows:

1. Women are more risk averse.

2. Women are more realistic; they are

not overestimating their chances of

success.

3. Women believe in organic growth.

An important measure to stimulate

women’s involvement in M&A practice is

to highlight the successes of famous

female role models. The research

suggests that in the coming 5 years

more and more women will make the

decision to carry out a takeover as more

women will be a member of

management teams.

Multiples

The same study also looked at the

overall development of the acquisition

multiples in the Netherlands. There are

major differences between the

industries. Where the pharmaceutical

industry shows an average multiple of

6, the multiples for construction and

automotive companies are still “low”

with an average of 3.5 to 4. This

stipulates the difference in future

outlook of these industries.

If you or your client consider a

(strategic) takeover or establishment in

the Netherlands or you would like to

discuss Corporate Finance issues,

please feel free to contact us!

For further information

regarding our core business

we refer to our website

www.jmcorporatefinance.nl/uk

Jan van Wijngaarden, Partner

jvw@jmpartners.nl

Bart Koreman, Senior Advisor

bk@jmpartners.nl

Dialling up the Volume!

We have been providing

comprehensive financial services to

business owners in Ontario, Canada

for over 50 years. With a team of tax

experts, CPA-CAs, financial planners,

exit planners, accredited business

valuators, lawyers, mediators and

business coaches, we have the

knowledge and experience to address

a diverse breadth of issues.

One of our partners, Walter Williams is

regularly featured on “ASK THE

EXPERT” radio show on NEWSTALK

1010 in Canada.

As a Chartered Professional

Accountant, Chartered Business

Valuator, and Certified Exit Planner,

Walter’s diverse set of skills and

experience has captured the

interest of listeners for several

years.

With host Iain Grant, Walter

discusses everything from business

growth strategies to transition

planning.

One may not think that a radio

show featuring an accountant

would attract such a wide audience,

but Walter’s 25 years of experience

and high level perspective allow for

a wealth of entertaining stories and

business advice that engage and

inform the audience.

Walter has covered many topics that

are of interest to many business

owners and can be found in podcast

format on our website www.vine.ca.

Walter Williams

Vine and Partners LLP, 1 Hunter Street East, Hamilton,

ONTARIO, Canada

Prosperity Advisers Group finalists in Xerocon 2016 South

Awards

Prosperity Advisers is proud to announce they are a

finalist in the Xerocon 2016 South Awards having just

picked up the Xero Accounting Partner 2016 Award for

NSW/ACT.

Representing a national approach to its Xero client

support, this award recognises the contribution of

Prosperity’s national Business Services & Tax team

across the firm’s Brisbane, Newcastle and Sydney

offices.

The Xero Awards showcase the Xero heroes among

Accounting Partners nationally and we are proud to be

this year’s NSW/ACT award recipient. The award

recognises practices that have strong advocacy for cloud

technology and champion the benefits of the cloud in the

business community.

Prosperity Director of Business Services and Taxation,

Megan Faraday-Bensley said, “We are very proud of the

collective efforts of our people. This is wonderful

recognition for the effort our team has put in to embracing

our Cloud strategy which centres on value adding

services rather than number crunching tasks. Tools like

Xero provide process efficiency and real time information

to support delivery of client value.”

“Make my life easier!” is the catch cry from businesses

who haven’t yet embraced the idea of Cloud Accounting

and the benefits of Xero.

Helping clients to understand how they can reduce their

accounting clutter, streamline their reporting and make

faster, more informed and timely decisions has been a

key focus to Prosperity’s approach.

Engagement and knowledge by our people of the Xero

solution is paramount to providing a platform off which to

engage and educate clients and effectively use our

systems.

By embracing Xero and cloud accounting, our clients

find they have improved accuracy of their data, faster

and more frequent reporting, a better client experience,

and improved practice efficiency. The ‘anytime anywhere

access’ to key financial information is a real bonus for

businesses where cash is king.

The Xero platform has provided us with great internal

systems to support our client service delivery,

irrespective of the accounting systems adopted by our

clients.

This award recognises our commitment to being at the

forefront of technology innovation. We have ambitious

plans to continue to drive our strategy in ensuring we

provide our clients with leading edge solutions as

technology continues to evolve at pace.

For more information on Prosperity Advisers, visit

www.prosperityadvisers.com.au

IAPA is delighted to congratulate

German member firm KBHT who

celebrated their 25th anniversary

this summer.

….detail to come shortly

IAPA International Conference 2017

Rome, Italy

It was celebration time this week in McInerney Saunders as

Owen Sheehy and Susan McKittrick celebrated 25 years

with the company.

Both Susan and Owen joined the firm back in July 1991 as

young trainee accountants.

Speaking at a company event this week to mark the

occasion, Managing Partner Gerry McInerney recounted “It

seems like just yesterday that Owen and Susan joined the

firm. At the time, we could not have imagined that we

would grow to become such a large firm providing

accountancy and business advisory services to clients

across Dublin, around the country and further afield.”

He continued, “Owen and Susan were crucial in our

development from a small local practice to an industry

leader with a 40 strong team. They’ve worked hard to

embed a passion for customer care into our team and to

make sure that our clients are at the centre of everything

that we do.”

During the last 25 years I have watched Owen & Susan

progress from graduate accountants to partners in the

firm. I really am so proud to have worked alongside

them.”

The McInerney Saunders team celebrated the occasion

with lots of chocolate cake, balloons, gifts and speeches.

Celebrations at

McInerney Saunders

News from the UK:

FFT PROMOTES ADAM CAPLAN TO PARTNER

Manchester-based chartered accountancy and business

advisory firm Freedman Frankl & Taylor has promoted

Adam Caplan to partner.

Adam, 31, joined fft as a trainee in August 2007 and

qualified in 2010. He was promoted to manager in 2013.

He heads the firm’s dedicated department which provides

payroll services and auto enrolment pensions advice to

clients across the country.

Adam, a married father-of-four, also advises owner-

managed businesses and charities in relation to

accountancy, audit and tax matters.

He said: “I’m delighted to be promoted to partner at fft and

look forward to playing my part in ensuring we continue to

grow the practice in the coming years.”

The firm, which is based in Reedham House, King Street

West in Manchester city centre, serves a client base

which ranges from entrepreneurial start-ups to

international businesses.

It is a member of the UK200 Group, an association of independent chartered accountants and law firms. It is also part of the International Association of Practising Accountants.

Adam becomes fft’s fourth partner alongside Robert

Frankl, Ian Sluckis and Andrew Cohen. The firm has 40

staff, with Keith Taylor as a consultant.

Robert Frankl said: “Adam is an extremely talented

individual with great technical expertise, a common sense

approach and a determination to provide the highest level

of service to clients.”

On Thursday 23 June 2016, the UK public voted to leave the

European Union. The referendum was unprecedented with

over 71% turnout.

Clark Howes Chairman, Tony Sarin, comments:

“Most analysts do not believe that the Brexit vote is another

‘Lehman moment’ since there is no imminent financial crisis

or lack of credit and unlike the financial crisis of 2008, the

banks have substantially more capital and are considerably

less leveraged, As expected, the value of Sterling was been

hit badly by the leave vote although recovered somewhat

later.”

Over the long term, an independent Report commissioned by

Neil Woodford (one of UK’s most successful fund

managers), concluded that Britain’s long-term economic

future would be largely unaffected by a decision to leave the

European Union.

On 22nd June, the Financial Times referred to a ‘leave’ vote

as ‘purgatory, not hell’ and the exit process

is likely to be long and drawn out, with the uncertainty

risk being a drag on economic growth.

It will be some time before the UK gains a clear and

full picture of the ramifications of an exit. Until such a

time, it is uncertain as to what it may mean for UK

individuals, businesses and people living and working

in the UK from overseas.

It you are concerned about the impact of Brexit then a

certain level of scenario planning could be beneficial. If

you would like to discuss this further, please get in

touch with your local client manager or email

info@clarkhowes.com.

Harwood Hutton, the award-winning

firm of chartered accountants,

business and tax advisers based in

Beaconsfield, has created a new

specialist division to handle matters of

VAT and indirect taxes.

The firm has appointed Bilal Akram

(pictured) as senior manager, VAT &

Indirect Taxes, based at the firm’s

head office, not far from Heathrow

Airport. Bilal will also be spending time

at Harwood Hutton’s recently opened

office in central London, which is

looking after an increasing number of

international clients.

Bilal, who is also a solicitor, joins

Harwood Hutton from a UK Top

20 practice.

Brexit…

An update from Clark Howes

Tony Sarin

Harwood Hutton creates VAT

and Indirect Taxes division

He has extensive experience in the

field of VAT and has worked on

behalf of a number of high- profile

businesses.

His expertise covers all aspects of

indirect taxes, including - but not

restricted to - property, international

travel, technology,

telecommunications, media and

appeals management.

When it was introduced, VAT was

described as a simple tax. But over

the past four decades it has evolved

into one of the most complex pieces

of European legislation enacted.

"I'm joining Harwood Hutton at what

looks like being an incredibly busy

time, with the unravelling of the UK’s

membership of the EU and all the

challenges that is likely to bring on

tax," said Bilal. "I know a lot of

businesses are unsure about the

best way forward, and I will be

delighted to help them."

Bilal Akram, Harwood Hutton.

The Cyprus Ministry of Finance

(MoF) announced on 30 December

2015 that its new intellectual property

(IP) tax regime will become effective

on 1 July 2016. These changes will

incorporate the recommendations of

Action 5 of the Organization for

Economic Cooperation and

Development, which were issued on

5th October 2015 for the Action plan

against “Base Erosion and Profit

Shifting.

The MoF announcement states that

it’s the intention of the Cyprus

Authorities to provide for the

maximum transitional arrangements

for the amendment of the IP legal

framework.

This means that any IP that is

benefiting from the Cyprus IP Tax

Regime by the 30th June 2016, will

continue to benefit for another 5

years, i.e. up to 30th June 2021 in

order to provide tax payers with

medium term stability.

However a shorter transitional period

to 31 December 2016 is expected for

IP that is acquired, directly or

Cyprus Intellectual Property tax:

recent developments

indirectly, from related parties at any

time in the first six months.

The new regime is expected to retain

the competitive 2.5% or lower effective

corporate tax rate, but with less

income qualifying for that rate. The

new qualifying income rules are

designed to reflect research and

development (R&D) expenses carried

out by the claimant Company.

Under the new regime companies will

need to track and trace where R&D

expenditure is spent, categorize per

each individual patent and hence

split/link their income to reflect the

interconnection between the rights

which create the income and the

activity which contributes to that

income.

Cyprus is expected to spontaneously

exchange information as per the

existing international agreements on

entities which will be benefitting from

the transitional arrangements if their

IP entered into the current Cypriot IP

box between 7 February 2015 and

30 June 2016.

Finally, taxpayers should determine

whether they have eligible IP that is

not benefiting from the current

Cyprus IP box and if so they should

consider introducing that IP to the

current IP box by 30 June 2016 in

order to take advantage of the

transitional period through 30 June

2021.

Theo Theodorou, Petros Yiakoumi info@yiakoumi.com Tel: +357 22591444

Congratulations to Vicente Orlando,

IAPA’s Venezuelan member:

Following a successful agreement with 3 longstanding

directors, the firm Santo Orlando + Associados has

been renamed to Orlando, Ferro + Asociados, now

with 5 partners.

The new managing partner

of the firm is Paola Ferro,

(pictured right) who will be

attending the International

Conference in Rio.

Members promoting their firms and IAPA…

in the press….

Homepage of Hilborn LLP highlighting their

international connectivity through IAPA

Homepage of ZhenQing CPA, China, promoting their IAPA membership

A selection of IAPA press clippings….

IAPA announced as ‘Association of the Year 2016’ Finalist in IAB and

IAPA CEO ‘Personality of the Year

‘

October

23 October IAPA Latin American Regional Conference, Rio de

Janeiro, Brazil

23-26 October IAPA International Conference, Rio de Janeiro, Brazil

November

16-18 November UK200Group Annual Conference, Southampton, UK

December

2-3 December IAPA Deutschland Conference, Neuss, Germany

9-11 December IAPA Asia Pacific sub-regional event

Events scheduled for 2017:

17-19 March IAPA joint EMEA and Asia Pacific Regional Conferences,

Dubai

October, dates tbc IAPA International Conference, Rome, Italy

IAPA Diary for 2016 / 2017