Introduction On 6 July 2023 the Cyprus Tax Department issued a circular (6/2023) that introduces simplification measures (simplified transfer pricing documentation and option to apply safe harbor rates) for taxpayers that are exempted from the obligation of preparing a TP Local file. The simplification measures apply as from 1 January 2022. These simplification measures relate to: These are further explained below. Further on 1 February […]
On 5 January 2023 the Cyprus Tax department (CTD) issued a circular (1/2023) which terminates the application of “safe harbours” on back-to-back financing transactions with related parties. The termination applies from 1 January 2022 onwards. The “safe harbours” being either an after-tax return of 2% on loans granted to related parties (for pure intermediary financing companies) or a 10% after tax return on equity (for […]
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.
Our Firm is the winner in the category of Transfer Pricing Advisory Firm of the Year in Cyprus – 2020 of Global Advisory Experts (GAE) www.globaladvisoryexperts.com awards. After an extensive nomination and research process and based on client testimonials, key transactions, rankings, overall reputation, publication contributions, speaking engagements and the performance and standing of teams and individual advisory experts the GAE organisation has chosen our Firm as the […]
