Transfer Pricing legislation in Cyprus
On June 30, 2022 the Cyprus Parliament introduced to the Cyprus tax legislation the Transfer Pricing (TP). The implementation of the amendments will begin January 1, 2022.
The new TP rules require documentation for certain transactions between related parties to provide clarity as to the proper and adequate documentation of controlled transactions, so that taxpayers can demonstrate adherence to the arm’s length principle.
For more information please contact us.