The EuropeFides Summer General Meeting this year took place on 23 and 24 June in Cologne, Germany.
Our hosting members of GTK GINSTER THEIS KLEIN & PARTNER mbB had put together an interesting programme with plenty of opportunities to exchange business expertise and network with colleagues from fellow advisory firms. With over 70 participants from 36 firms and 18 countries, the Cologne Meeting was one of our biggest meetings yet.
Cross-business collaboration and cross-border VAT issues
Our Seminar started with a warm-up by GTK Bonn’s Stéphanie Hansoulle.
After that Dr. Angela Harth of Keussler Rechtsanwälte elaborated on the issues related to the secondment of employees – in particular important aspects to keep in mind when drawing up contracts and the difficulties related to retention in the social security schemes of the home country when employees are seconded for longer periods of time.
A panel of our Asian member firms LE YU Corporate Advisory (Singapore and Shanghai), bdp Management Consulting (Tianjin) Co Ltd, Anil D. Doshi & Co. (Mumbai) and Macramé Consultants (New Delhi) advised about Europe-Asia business opportunities and challenges. With China’s new Silk Road Initiative (One Belt, One Road) and forecasts predicting that China and India will be the two largest economies in the world by 2050, it will become imperative for European firms to build tiesto these markets.
Hans-Günter Dillenburg, head of GTK’s Hamburg Office, presented a case study on managing cross-border transfer pricing in practice and permanent establishment in light of the OECD’s BEPS recommendations.
The second part of the Seminar focused on VAT-related matters.
Lea von Lovenberg of GTK Bonn opened the session with a presentation on Value Added Tax for electronic services.
During a workshop moderated by Pascal Ngatsing of GGV Avocats à la Cour Paris, members and guests discussed their experiences with VAT treatment of cross-border chain transactions.
Stephen Balzan of ACT Advisory Services Limited gave a presentation about PROSPECTS, a new platform of the Maltese Stock Exchange designed to facilitate access of SMEs to the capital market. Since the use of the platform is not limited to Maltese companies, Prospects is also interesting for foreign businesses.
With the general elections and the official start of the Brexit negotiations, Simon Marsh of WSM Partners gave an informative update on the most recent developments and personnel changes in British politics.
Growing presence in Europe and Asia
Since our Annual General Meeting in Brussels in January, four new member firms from have joined our association and EuropeFides continues to expand its contacts in Europe, Asia and North Africa.
We were especially pleased to have six new firms, which are interested in joining EuropeFides, introduce themselves at the Cologne Meeting:
- Jolles & Ko. Accountants BV, Netherlands
- ALMT Legal, Mumbai, India
- Cabinet Boukhari, Algiers, Algeria
- Shenton Law, Singapore
- IIL Bilans Plus DOO, Belgrade, Serbia
- R & T Consulting, Hong Kong
- Morrisons Solicitors, London, United Kingdom
Moreover, several other firms have expressed their interest in becoming members of our association, but unfortunately could not make it to the meeting in Cologne. We look forward to meeting them at one of our next meetings.
Reception at the GTK offices in Brühl and an evening at a Kölsch brewery
As usual, the programme also provided plenty of time to socialize and network.
Our hosts of GTK treated members and guests to a lovely evening with drinks and food in the garden of their offices in Brühl. The event was rounded off with a guided tour through the old town of Cologne and an evening at a local Kölsch brewery.
We would like to thank all of our members and guests for coming to Cologne, especially those who undertook a long journey to be with us.
Our biggest thanks go to the team of GTK GINSTER THEIS KLEIN & PARTNER mbB for organizing a successful meeting and for being wonderful hosts.
The next Annual General Meeting will take place on 26 and 27 January 2018 in Malta and will be hosted by ACT Advisory Services Limited.