The Cyprus Tax Authority decided to change the current tax regime in relation to profit margins and loans between related parties.
 

Whom does the change apply to?

From the 1st of July 2017 all loans between Cyprus Tax Resident Companies and their related parties shall be supported by transfer pricing studies prepared by an independent expert and based on OECD principals. The new rule will affect financial transactions between related companies with regards to tax assessment and tax ruling.

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