FAQs #25 - 43 to the New Transfer Pricing Legislation

The Cyprus Tax Department has released additional frequently asked questions (FAQs), i.e., 25 – 43, aimed at clarifying certain provisions of Articles 33 and 33C of the Income Tax Law (ITL), which relate to the adoption of Transfer Pricing legislation in 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.

Should you like to further discuss the above requirements and potential impact to your business, please contact one of our trusted advisors from the Tax department at KPMG in Cyprus.