120 results found

On 10 February 2023, the Cyprus Tax Department released a set of FAQs with the purpose of clarifying certain provisions of the Articles 33 and 33C of the Income Tax Law, which relate to the adoption of the transfer pricing legislation ...

On 10 February 2023, the Cyprus Tax Department released a set of frequently asked questions (FAQs) with the purpose of clarifying certain provisions of the Articles 33 and 33C of the Income Tax Law, which relate to the adoption of the transfer pricing legislation by Cyprus as from 1 January 2022.

On 3 April 2024, the Cyprus Tax Department released additional frequently asked questions ..

On 1st February 2024 the Tax Department has issued an announcement that in anticipation of legislative amendments on transfer pricing provisions...

On 5 January 2023 the Cyprus Tax department (CTD) issued a circular (1/2023) which terminates the application of "safe harbours" on back-to-back financing transactions with related parties.

In response to recent developments by the Cyprus Tax Department, Transfer Pricing regulations are undergoing significant changes, as per the circular issued on February 1, 2024.

On 30 June 2022 the Cyprus parliament has voted into law the long-anticipated documentation requirements on transfer pricing (law and regulations).

On 12 February 2025, the Cyprus Tax Department ("CTD") announced that, by decision of the Commissioner of Taxation, no administrative fines will be imposed on taxpayers for late submission of the Income Tax Return ("TD4") and the Table of Summarized Information ("TSI") for the tax year 2022, provided that the filing is completed by 31 May 2025.

On 20 May 2024, the Cyprus Tax Department released the final version of the Table of Summarised Information (TSI) form for the tax year 2022, which is now available for submission on the Tax For All (TFA) portal.

For some years the governments of the main developed economies have experienced a loss of tax revenues due to the inability of conventional tax systems to adequately tax the operations of multinational businesses.

Our Firm is the winner for a second consecutive year in the category of Transfer Pricing Advisory Firm in Cyprus, of Global Advisory Experts (GAE) www.globaladvisoryexperts.com awards.

The Cyprus Minister of Finance issued a Decree on 30 December 2016, introducing a mandatory Country by Country (CBC) reporting requirement for multinational enterprise groups...

In the new circular issued on 24 November 2016, Cyprus' Tax Authorities clarify that they will also allow downwards or compensating Transfer Pricing (TP) adjustments.

The Cyprus Tax Authorities, taking into consideration the International developments (OECD/G20 initiative – BEPS) have decided to proceed with the alteration of the current tax regime...

On January 20th, 2022 the Organisation for Economic Cooperation and Development (OECD) issued an update to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (Transfer Pricing Guidelines) of 2017

On 24 January 2022, the Cyprus Tax Department published a new "Frequently Asked Questions (FAQs)"section on its website on Transfer Pricing (TP).

On 1 February 2024, the Cyprus Tax Department ("CTD") published a letter updating the thresholds for preparing a Local File for the tax year 2022.