Premioconsult joins Pride Partners International (PPI)

Premioconsult joins Pride Partners International (PPI)

Our firm joinedPride Partners International ™ a global association of transfer pricing and financial valuation consulting firms with a presence in most entrepreneurial markets around the globe. Through membership our firms strengthen its position and expands the geographical coverage of its transfer pricing and valuation services to Multinational Enterprises (MNEs). Pride Partners International (https://pride.partners/ )  is comprised of transfer pricing and valuation services experts as […]

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Amendments to the NID regime Cyprus

Amendments to the NID regime Cyprus

Amendments in the Cyprus Notional Interest Deduction (NID) rules. On 16/06/2020 the amendments on the NID rules were published in the official gazette of the Republic of Cyprus. The major amendments are as follows: From 1 January 2020 the annual NID rate is the 10-year government bond of the country that the funds are invested in the business of a company plus 5% instead of […]

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Cyprus Ratifies the Multilateral Convention

Cyprus Ratifies the Multilateral Convention

Cyprus Ratifies the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”). On 22/01/2020 it was published in the official gazette of the Republic of Cyprus the ratification instrument for MLI, including the MLI, the list of reservations and notifications of Cyprus (“MLI position”) at the time of signature. The effective date of application of MLI is the […]

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Cyprus Tax department issues procedural circular

Cyprus Tax department issues procedural circular

Cyprus Tax department issues procedural circular (ΔΕ5) for the contents of a transfer pricing documentation file On 2 January 2019 the Cyprus Tax department (CT) issued a circular (ΔΕ5) explaining the practice that CT will apply in relation to the documentation of a transfer pricing study. As per the circular: The transfer pricing documentation file needs to be in accordance with OECD Transfer Pricing Guidelines. […]

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