Cyprus takes care of transfer pricing
23.10.2024
The Cyprus Tax Department has updated the frequently asked questions in English about transfer pricing.
The update includes the addition of questions from 25 to 43.
The main issue is question 25, concerning the need to account for the balances of interest-free accounts payable in the local file and summary information table (SIT). The remaining interest-free accounts payable are not accounted for in 2022 and 2023, and will not be accounted for from 2024.
Link to the source: https://orbitax.com/news/archive.php/Cyprus-Updates-Transfer-Pricin-56875
The update includes the addition of questions from 25 to 43.
The main issue is question 25, concerning the need to account for the balances of interest-free accounts payable in the local file and summary information table (SIT). The remaining interest-free accounts payable are not accounted for in 2022 and 2023, and will not be accounted for from 2024.
Link to the source: https://orbitax.com/news/archive.php/Cyprus-Updates-Transfer-Pricin-56875
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