Seminar's Overview
Unravel the Secrets of Transfer Pricing: Mastering the Art of Intercompany Transactions in Cyprus
Unlock your organization's potential with our transfer pricing training program and gain essential knowledge and practical skills to navigate Cyprus's transfer pricing landscape confidently. By understanding key principles and mandatory reporting requirements, you empower your team to meet obligations effectively. Whether you're a seasoned professional or new to the field, this training is designed to elevate your expertise. Through interactive sessions and real-world case studies, you'll explore practical strategies for establishing and controlling transfer prices, ensuring compliance and optimization.
Join us on this transformative journey and master the art of transfer pricing.
Seminar’s Goals
Following the completion of the training programme, the trainees will be able to:
- Define the transfer pricing reporting obligations that are applicable for Cypriot tax resident persons and permanent establishments of foreign entities.
- Explain the main principles of transfer pricing.
- Choose the applicable transfer pricing methods to various transactions between related parties.
- Apply internal transfer pricing mechanisms for transactions between related parties.
- Implement different approaches to transfer pricing analysis.
- Encourage transfer pricing reporting compliance at a company or group level.
- Juxtapose possible transfer pricing models for particular intercompany transactions.
Participants*
The training is addressed to employees of tax and finance departments such as internal Tax professionals, CFOs, Finance Managers, Directors, accountants and other professionals, who wish to enhance their knowledge of transfer pricing analysis and understand the importance of establishing arm’s length prices for intercompany transactions.
All participants should be currently employed.
*The number of participants is restricted to 28.
Agenda
1. Introduction (1 h)
Key principles of transfer pricing: Cyprus legislation and Organisation of Economic Cooperation and Development (OECD) Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations
- Arm’s length principle
- Transfer pricing methods
- Transfer pricing reporting in Cyprus
2. Transfer pricing in services transactions (1 h)
- Functional analysis
- Applicable transfer pricing methods
- Low value-adding services and benefits test
- Allocation of costs
3. Transfer pricing in transactions involving intellectual property (1 h)
- Development, Enhancement, Maintenance, Protection, Exploitation (DEMPE) functions
- Applicable transfer pricing methods
- Economic analysis
4. Transfer pricing in financial services transactions (1 h & 15 min)
- Estimating credit rating of a borrower
- Adjusting credit rating for group membership
- Analysis of loans
- Lender’s and borrower’s perspective
- Analysis of financial guarantees
5. Preparation of Cypriot transfer pricing reporting (1 h & 15 min)
- Table of summarized information
- Local file
- Master file
- Frequently Asked Quesations
6. Summary & Discussion - Questions & Answers (30 min)
Services
Our services include:
- Handouts, including the hard copy presentation, examples, case studies, exercises, and additional notes if applicable.
- Stationery, such as pads, pens, and files.
- Drinks (coffee, tea, etc.), snacks and a buffet lunch.
- A fully equipped training room with WiFi access.
- Certificate of completion.
Registration & Contact
If you wish to register for the seminar, please complete the registration form.
Once your registration is submitted, you will receive an email stating how to proceed with your HRDA registration through the Ermis platform.
The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy. Please note that there are limited seats available, therefore enroll in this seminar as soon as possible.
If you do not receive our confirmation e-mail regarding your registration, your participation cannot be guaranteed.
Cost
€150 net investment after the HRDA subsidy: €120 for all eligible participants*
€270 + VAT (19%) for all participants who are not eligible for the HRDA subsidy.
According to HRDA regulations, you will not qualify for the HRDA subsidy if you have attended this seminar during the second semester of 2024 as there have been no substantial changes to the content.
*Last Date for 10% Early Bird Discount: 17/11/2026.
Extra discounts may apply to the initial price, before the VAT and HRDA subsidy. Please view options below.
Note
We do not provide a soft copy of the presentation for face-to-face seminars. However, if you would like to request one, please contact us. We may be able to provide it, subject to approval. In this case, the cost of the soft copy will be €50 for participants who have already attended the relevant training, or €100 for those who have not.
HRDA Note
All individuals who wish to attend our HRDA approved training courses, should not only fill out our registration form, but also complete the registration process through the ERMIS platform in order to be approved by the HRDA. Regardless of whether they are claiming the HRDA subsidy or not, each participant will need to complete their registration through ERMIS as a physical person and then register to our training in order to be able to attend (either as an employee whose company is claiming the subsidy or as an individual who is not claiming the subsidy). Please reach out to the HRDA Ermis officers on 22 390 300 for more details regarding the registration as a physical person.
Eligibility of self‑employed individuals: The Schemes are open to any natural person who is registered as self‑employed with the Social Insurance Registry and carries out their activities in areas controlled by the Republic of Cyprus.
Discounts available
- For three or more (3+) participants from the same company, a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for participants who enroll in the same seminar, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
- For individuals/legal entities who/which register in more than three (3+) seminars during the same semester (January-June & July-December), a 10% discount is available on the total cost, before the VAT and HRDA subsidy. This discount only applies for individuals/legal entities who/which enroll in more than two (3+) seminars during the same semester, on the same day. This discount can only be combined with the early bird discount and the HRDA subsidy, when applicable.
- There is a 10% discount for alumni members. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the early bird discount and the HRDA subsidy, when applicable. For more information on our alumni scheme, click here.
- There is a 10% early bird discount on selected seminars for participants who enroll in a training course until a specific date which is stated above. This discount should be applied before the VAT and HRDA subsidy and can only be combined with the HRDA subsidy, when applicable.
- HRDA subsidy for all HRDA approved seminars.
- Please note that while participants may qualify for multiple discounts, a maximum of two discounts, up to a total of 20%, can be applied per registration.
Contact
For any queries, please contact Antrea Masoura on +357 22 207 460 or at academy@kpmg.com.cy
CPD
This seminar may contribute to Continuing Professional Development requirements. At the end of the seminar participants will be given a certificate of attendance confirming the total number of training hours (6 CPD).
Trainer
Volodymyr Serdechniuk
Principal, Transfer Pricing, KPMG in Cyprus
Volodymyr is a Taras Shevchenko National University of Kyiv graduate, holding a Masters degree in Mathematics.
Volodymyr has a deep knowledge and expertise in transfer pricing. He has been advising local and international clients from all major industries on transfer pricing matters.
Volodymyr has more than 12 years of experience of transfer pricing practice in four different countries. During his tenure that starts in 2014 he was in charge of more than 500 transfer pricing engagements serving multinational enterprises on various topics: from fulfilling compliance obligations to establishing efficient intragroup pricing policies.
Volodymyr was advising clients from more than 10 different countries. One of his major projects includes advising a major multinational company in relation to concluding a bilateral advance pricing agreement.
The programme has been approved by the HRDA. Enterprises participating with their employees who satisfy HRDA’s criteria, are entitled to subsidy.
