The Cyprus Tax Department published English-language Frequently Asked Questions (FAQs) on 10 February 2023 with reference to the country's new transfer pricing rules, which were approved in June 2022 with effect from 1 January 2022, including Local file and Master file requirements.
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Frequently Asked Questions with reference to Article 33 & Article 33C of the Income Tax Law, Κ.Δ.Π. 314/2022 and Κ.Δ.Π. 273/2022 with effect as from 1st January 2022
1. If the controlled transactions…