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On 3 April 2024, the Cyprus Tax Department released additional frequently asked questions (FAQs), i.e., 17 –24, with the purpose of clarifying certain provisions of the Articles 33 and 33C of the Income Tax Law (ITL), which relate to the adoption of the Transfer Pricing legislation by Cyprus as from 1 January 2022.
This informational leaflet presents the questions and corresponding
answers as published in the Tax Department website. The FAQs are
expected to be expanded with additional questions in the
future.
FAQ to the New Transfer Pricing Legislation - April 2024 (kpmg.com)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
