Introduction On 6 July 2023 the Cyprus Tax Department issued a circular (6/2023) that introduces simplification measures for taxpayers that are exempted from the obligation of preparing a TP Local file (i.e., their transactions with related parties, are below €750.000 per category of transactions). The simplification measures apply as from 1 January 2022. These simplification measures relate to: These are further explained below. A. Simplified […]
