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.
How KPMG Cyprus can assist?
Should you like to further discuss the content of the legislation and potential impact to your business, please contact one of our trusted advisors from the Tax department at KPMG in Cyprus.
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George Markides
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KPMG Limited
Michalis Loizides
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Tax Services
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Costas Markides
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Volodymyr Serdechniuk
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Michael Halios
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KPMG Limited
Michalis Fiakkou
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Transfer Pricing Services
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