Cyprus:
FAQ To The New Transfer Pricing Legislation
23 February 2023
KPMG in Cyprus
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On 10 February 2023, the Cyprus Tax Department released a set of
frequently asked questions (FAQs) with the purpose
of clarifying certain provisions of the Articles 33 and 33C
of the Income Tax Law, 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.
Interested persons are encouraged to read the informative leaflet that was prepared by
the dedicated transfer pricing team of KPMG in Cyprus and reach out
if more information or assistance is needed.
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.
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