Cyprus tax authorities issue transfer pricing simplification measures
|Tax Alerts, Legislation & Policy, Na ...|Cyprus
The Cypriot Tax Department issued a circular on 6 July 2023, with effect as of 1 January 2022, introducing simplification measures regarding intercompany transactions below the threshold of €750,000 in aggregate per category of transaction per tax year.
Additional simplification measures have been introduced with regard to specific subcategories of intercompany transactions, allowing the application of a safe harbor rate, assuming adequate documentation is maintained.
The newly introduced tax circ…
We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
EY
