Cyprus tax authorities issue transfer pricing simplification measures

12 July 2023|Tax Alerts, Legislation & Policy, National/Federal Taxation, Transfer Pricing|Cyprus

The Cypriot Tax Department issued a circular on 6 July 2023, with effect as of 1 January 2022, introducing simplification measures regarding intercompany transactions below the threshold of €750,000 in aggregate per category of transaction per tax year.
Additional simplification measures have been introduced with regard to specific subcategories of intercompany transactions, allowing the application of a safe harbor rate, assuming adequate documentation is maintained.
The newly introduced tax circ…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.