Newly voted transfer pricing legislation in Cyprus
08 Aug 2022
|
On 30 June 2022, the Cyprus Parliament passed into law the transfer pricing (TP) rules and documentation requirements by amending the tax legislation. The OECD Transfer Pricing Guidelines have been legislatively incorporated in Cyprus.
The new requirements will be implemented for tax years starting from 1 January 2022 onwards and will apply to Cyprus tax resident persons and permanent establishments of non-Cyprus tax resident persons situated in Cyprus that involve transactions with related parties.
Harneys recent article providing detailed information on this subject can be found here.
Authors
Related content
Legal update
Cyprus introduces transfer pricing rules and documentation requirements
Regulatory Blog
Cayman widens the net but stops short of imposing public access with new Beneficial Ownership Transparency Bill, 2023
Regulatory Blog
Important reminder for all BVI-registered companies and limited partnerships – BVI economic substance reporting changes and deadlines