The Cyprus Tax Department published frequently asked questions on 24 January 2022 regarding the tax treatment of intra-group back-to-back financing transactions
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Frequently Asked Questions with reference to the Interpretive Circular 3 dated 30/06/2017 with title "Tax treatment of intra group back-to-back financing transactions", hereafter "Back-to-Back Circular".
The answers to the FAQs are applicable to all transactions that fall within the scope of the Back-to-Back Circular and rela…