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Sep 2020
13:00 UTC
Transfer Pricing in Times of COVID-19
Transfer Pricing in Times of COVID-19

In collaboration with Pride Partners International, a global association composed of experts and consulting firms in transfer pricing and financial valuation, we hosted on Wednesday, September 30th at 2 pm UK time a webinar looking at how the COVID-19 pandemic has affected transfer pricing throughout the globe.

In collaboration with

Pride Partners International

Transfer Pricing in Times of COVID-19

Our speakers, who come from all corners of the world, shed light on how transfer pricing has been impacted by the current economic and social crisis wrought by the coronavirus.

Some questions tackled included:

  • What are the main challenges posed by COVID-19 to the practice of transfer pricing?
  • Might this pandemic increase the risk of double taxation and tax disputes between jurisdictions? How so?
  • How will COVID-19 affect the establishment of arm’s length prices for loan transactions? What about royalty payments?
  • How will transfer pricing models require to be adjusted?
  • How will travel restrictions and the temporary relocation of business functions impact transfer pricing?
  • Has your jurisdiction enacted any policies to ease the burden imposed by transfer pricing, CbCR and other compliance obligations during this pandemic?
  • And plenty more!

Happy listening!


Lefteris Androkli, Director, PremioServe, Cyprus

Lefteris Androkli,




Lefteris is one of the three founding members of PremioServe in Cyprus. He has extensive knowledge and experience on international tax planning, transfer pricing, auditing and reporting and provides tax and advisory services to various local and international clients.

He has a bachelor’s degree in economics from the University of Cyprus and is both a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and a certified public accountant and registered auditor with the Institute of Certified Public Accountants of Cyprus (ICPAC). Lefteris has an advanced diploma in transfer pricing from TJSL and is a member of the global network of Transfer Pricing Associates.

Claire Sanga, Partner, Transfer Pricing Specialists, Spain

Claire Sanga,


Transfer Pricing Specialists,


Claire began her career at PwC’s Birmingham office in the UK, where she specialized in transfer pricing. She then worked as a senior manager at PwC’s Madrid office in Spain, where she helped develop the incipient transfer pricing practice following the approval of the Spanish documentation requirements.  In 2010 she founded TPS as an independent transfer pricing firm.  

Claire has extensive experience in the design, implementation and documentation of transfer pricing policies for both national companies and large multinational groups. She also has the capacity to coordinate projects involving several tax jurisdictions and teams of professionals spread over several territories. Her areas of expertise include the design of global transfer pricing policies and preparation of multi-jurisdictional documentation (“master documentation”) for the retail, business services, construction and real estate industries.

Claire holds a degree in Mathematics from the University of Birmingham, UK, and is a Chartered Accountant by the Institute of Chartered Accountants of the United Kingdom.

Terence Wilhelm, Attorney at Law & PhD, CARA Société d'Avocats, France

Terence Wilhelm,

Attorney at Law & PhD,

CARA Société d'Avocats,


Terence Wilhelm is an Attorney at Law and PhD in International Tax Law and founding partner of CARA Société d’Avocats, a disruptive and genuine law firm dedicated to transfer pricing and international tax law. He started his career in the early 2000s, first at Fidal (KPMG network) and then at EY, where he created and managed the transfer pricing department for the southeastern area of France as an Executive Director.

In the course of his experience, Terence Wilhelm has successfully managed several projects, both in France and abroad. He has also won several landmark disputes in the field of transfer pricing before the administrative courts.

Terence assists in the structuring, compliance, documentation and defense of tax policies, both in French and English. Considering his track record, he has developed a special expertise in transfer pricing and can leverage a network of partners in several countries.

He regularly lectures within several organizations, universities and business schools. He also regularly releases articles or comments on tax rulings and decisions and his book published in 2009 remains one of the few transfer pricing manuals in France.

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