The new Transfer Pricing (TP) legislation in Cyprus & its expected impact.

The new Transfer Pricing (TP) legislation in Cyprus & its expected impact.

On 30 June 2022, Cyprus has introduced provisions for implementation of transfer pricing regulations in Cyprus by amending the current Cypriot Income Tax & Assessment and Collection laws. The effective date of the TP legislation is the 1 January 2022. The main purpose of the introduction of the TP legislation is the alignment of the Cypriot Tax laws with OECD guidelines against Base Erosion and […]

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Transfer Pricing Firm of the year 2021 in Cyprus

Transfer Pricing Firm of the year 2021 in Cyprus

Our Firm is the winner for a second consecutive year in the category of Transfer Pricing Advisory Firm in Cyprus, of Global Advisory Experts (GAE) www.globaladvisoryexperts.com awards. Our Firm continues to receive recognition for its high-quality services and especially in the demanding and complex area of Transfer Pricing. In a rapidly changing world, the impact of our advice and service can make the difference.   Thank you.

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Cyprus Notional Interest Deduction (NID) rates for 2021

Cyprus Notional Interest Deduction (NID) rates for 2021

The Cyprus Tax office announced the 10-year government bond yield rates as at 31/12/2020 for a number of countries. These rates increased by 5% (the reference rate) can be used for calculating the notional interest deduction on new equity introduced in the business (01/01/2015 onwards). The choice of country depends on where the new equity has been invested. The NID is restricted to 80% of […]

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Permanent Establishments (PE) and tax residency in times of Covid 19 – Cyprus.

Permanent Establishments (PE) and tax residency in times of Covid 19 – Cyprus.

The Cyprus income tax office has recently issued the application Guidance nu 4/2020 dealing with the application of the relevant articles of the law on tax residency and PE considering Covid 19 pandemic. As per the Guidance the period from 21 March 2020 to 9 June 2020 is determined as the time period were restrictions on travelling in/out of Cyprus applied and as such this […]

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