Posts Tagged ‘Holding Company’

Transfer Pricing Rules – Submission of SIT

On 20 May 2024 the Cyprus Tax Department announced that as from 27 May 2024 the Summary Information Table will be submitted only though the Tax For All Portal.

Transfer Pricing Rules in Cyprus – New FAQs by Tax Authorities

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

Corporation Tax Return and SIT Filing Date Extended

Through an announcement dated 23 February 2024, the Cyprus Tax Department notified a decree issued by the Council of Ministers of the Republic of Cyprus providing for the extension of the deadline...

Double Tax Treaty Between Cyprus and Croatia in Application

Through a circular issued on 1 February 2024 the Cyprus Tax Department announced that the necessary procedures for ratification of the Double Tax Treaty between  Cyprus and Croatia were completed...

Transfer Pricing – Revised Thresholds

On 1 February 2024, the Cyprus Tax Department published revised thresholds for what concerns the obligation to prepare a Local File for transactions with related parties (known as “Controlled Transactions”).

Cyprus and France Sign a New Double Tax Treaty

On 11 December 2023 Cyprus and France signed a Double Tax Treaty (DTT) which, once it enters in to force, will replace the existing treaty between the two countries, dated back in 1981.

Reduction of Special Contribution for Defence on Interest Income

Through an amendment approved by the Cyprus Parliament on 6 December 2023, the Special Contribution for Defence rate on interest income has been reduced from 30% to 17%.

Transfer Pricing - Assessment Method for Financing Transactions

Through a circular issued on 7 July 2023, the Cyprus Tax Department (TD) clarified the method it considers as the most appropriate for determining the arm’s length pricing for financing transactions, including those of a “back-to-back” nature.

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