On 28 March 2024, the Cyprus Tax Department updated its English-language Frequently Asked Questions (FAQs) on transfer pricing. The update includes the addition of the following questions.
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18. Should the sale of shares or other securities between related persons that fall under the definition of "titles" as per article 2 of the ITL and Circular 2008/13 be reported in the SIT and be taken into account for the purposes of assessing whether the applicable Local File threshold…