Transfer Pricing Legislation in Cyprus
Transfer Pricing rules have been introduced into the Cyprus Tax Legislation as part of the alignment of the Cyprus Tax System with EU and OECD directives. The old margin system and arm’s length principle are now only part of the story, with Transfer Pricing legislation being released for intra-group financing arrangements, and a full set of Transfer Pricing Legislation expected to be released soon.
Please click on the pdf. file below for our overview of this new legislation, potential impact on your company, as well as recommended actions to mitigate any risks arising.
