Tax Treatment Of Intra-group Back-to-back Financing Arrangements

STELIOS AMERICANOS & CO LLC | View firm profile

The Cyprus Tax
Department ("TD") has issued an interpretative Circular on 30th of June
as to the tax treatment of intra group back to back financing arrangements.
This follows the TD announcement that it will cease applying the minimum
accepted profit margin on back to back loan schemes as agreed in July 2011.

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