On February 2017, the Cyprus tax department (CTD) has send a letter to the Institute of Chartered Accountants (ICPAC) relating to the minimum margins on back to back loans transactions that CTD used to accept. As per the letter, the existing regime (with the minimum margin requirements) will be abolished from 01/07/2017 onwards. This decision was taken due to the international tax developments (OECD/G20 initiative […]
