Cyprus Increases Transfer Pricing Documentation Thresholds, Changes Return Deadline

As previously reported, Cyprus approved a major tax reform package in December 2025 containing several changes. In addition to the measures covered earlier, the reform package includes an increase in the thresholds for preparing Local file transfer pricing documentation for certain controlled transaction categories. Local file documentation must be prepared in respect of the different categories of transactions if the arm's length value of transactions exceeds the following thresholds:

1. EUR 1…