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In recent years, Cyprus has made significant strides in reforming and modernizing its tax system, aligning it closely with international standards.

Our Firm is the winner in the category of Transfer Pricing Advisory Firm of the Year in Cyprus – 2020.

RSM Cyprus has released the annual digital edition guide of Cyprus Tax Facts 2025.

For many businesses, their IPs is the main profit driver. This is more prominent in the digital era and economy in nowadays. The IP is amongst the main reasons why some businesses...

In today's global landscape, an MNE's approach to cross-border transactions among related parties and its compliance status concerning transfer pricing issues goes beyond mere compliance or ethical considerations.

This means that any rulings issued previously on IGFTs are, unless challenged in Court, to be considered as no longer binding.

Mandatory disclosure rules are not something new for European Member States ("EU MS").

On the 6th of July 2023, a new circular was issued by the Tax department, in addition to the one voted in 2022, that takes into consideration the related transactions which are lower of the threshold

As of 2024, Cyprus has introduced several significant tax developments that reflect its ongoing commitment to align with international tax standards and enhance its competitive position as a hub for international business.

On 30th June 2022 the Cyprus Parliament approved the long awaited amendments to the Cyprus Income Tax Law and new Regulations to introduce Transfer Pricing ("TP")...

Transfer Pricing documentation for all types of intra-group transactions has been applicable to Greek entities for over a decade. However, a lot has changed the past few years, in fact

By the end of 2021, it is expected that the transition of multiple Interbank Lending Rates (‘IBORs'), including the London Interbank Offer Rate (‘LIBOR'), will take place.

Earlier this year the Cyprus Tax Department announced that the so-called minimum margin scheme, under which a deemed margin is imputed on "back to back" intra-group loans for the purposes of assessing taxable income...

In continuation of our article issued in October 2022, the Cyprus tax authorities released last summer a detailed Tax Circular, currently only available in the Greek language...

On 13 March 2018, the EU Economic and Financial Affairs Ministers adopted the European Commission's proposal of June 2017, amending Directive 2011/16/EU.

The Cyprus Parliament on 30th of June 2022 has voted the new transfer pricing law and regulations which establish transfer pricing documentation requirements for Companies...

Cyprus Tax Department has issued on 30 June 2017 a Circular with respect to the new rules for the taxation of intra-group financial arrangements, which became effective from 1 July 2017.