04 April 2023
The Commissioner of Taxation has published on the official website of the Tax Department of Cyprus, updated Frequently Asked Questions (FAQs) with respect to Transfer Pricing (TP) and particularly on the application of Article 33 and Article 33C of the Income Tax Law, Κ.Δ.Π 273/2022 and Κ.Δ.Π 314/2022, which are in effect as of 1 January 2022.
The FAQs and answers try to clarify some of the grey areas that existed until now with regards to the applicability of the enacted legislation.
Please visit the official website of the Tax Department of Cyprus for further information.
The Tax and Transfer Pricing team of Baker Tilly remains at your disposal should you require any further information, clarifications or assistance with your transfer pricing challenges and/or any other tax-related matter.
