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Posts Tagged ‘BEPS’

Reference Interest Rates for 2023 for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 16 March 2023 the bond yield rates as at 31 December 2022 for a number of countries, to be considered for the Notional Interest Deduction to which equity injected in to Cyprus companies is entitled for 2023.

Transfer Pricing Rules in Cyprus – Additional FAQs by Tax Authorities

The Cyprus Tax Department issued additional Frequently Asked Questions (FAQs) on its website, providing guidance on certain aspects of the Transfer Pricing Rules introduced with effect from 1 January 2022.  

Transfer Pricing Rules in Cyprus – FAQs by Tax Authorities

The Cyprus Tax Department issued a series of Frequently Asked Questions (FAQs) on its website, providing guidance on certain aspects of the Transfer Pricing Rules introduced with effect from 1 January 2022.

Termination of Special Tax Treatment for “Back to Back” Financing Arrangements

Through a circular issued on 5 January 2023, the Cyprus Tax Authorities announced that the provisions of circulars issued in the past about the so called “back-to-back” financing arrangements...

Clarifications on Country by Country Reporting Agreement between Cyprus and the USA

Through an announcement issued on 13 October 2022 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement for the exchange of...

Transfer Pricing Rules in Cyprus – Guidance by Tax Authorities

The Cyprus Tax Department issued a notification providing guidance related to the Transfer Pricing (TP) documentation requirements.

Country by Country Reporting – 31 December 2022 Deadline

31 December 2022 is the submission deadline for the following Country-by-Country (CbC) Reporting obligations in Cyprus:

• Submission of CbC Reports for the 2021 Reporting Fiscal Year...

Introduction of Transfer Pricing Rules in Cyprus

On 30 June 2022, the Cyprus Parliament voted in to law a package of measures introducing detailed Transfer Pricing (TP) requirements for businesses. The measures are in line with...

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