Termination of Intra-Group Financing Transactions Circular
As per the enclosed Circular 1/2023 issued by the Cyprus Tax Department on 05 January 2023, Interpretative Circular 3 dated 30 June 2017 which captured Intra-Group Financing Transactions should be
Global Minimum Tax – Latest Updates
Cyprus welcomes the G20 Agreement • In October 2021 the G20 reached to an agreement to create fair and healthy competition at global level and to safeguard the tax bases
New exemption rules for new CY employment for individuals
On 26 July 2022 new amendments have been published in the Government Gazette (relevant publication can be found here) which concern Articles 8(21), 8(21A), 8(23) and 8(23A) of the Income
New Transfer Pricing Documentation requirements
New amendments to the Income Tax Law Section 33 and the Assessment and Collection of taxes Law have been published in the Government Gazette on 08 July 2022 (relevant ITL