On 10 February 2023, the Cyprus Tax Department released a set of frequently asked questions (FAQs) with the purpose of clarifying certain provisions of the Articles 33 and 33C of the Income Tax Law, which relate to the adoption of the transfer pricing legislation by 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.
Interested persons are encouraged to read the informative leaflet that was prepared by the dedicated transfer pricing team of KPMG in Cyprus and reach out if more information or assistance is needed.
How can KPMG assist?
Should you like to further discuss the content of the legislation and potential impact to your business, please contact one of our trusted advisors from the Tax department at KPMG in Cyprus.
George Markides Board Member Head of Tax Services KPMG Limited
Costas Markides Board Member International Tax Services KPMG Limited
Michael Halios Board Member International Tax Services KPMG Limited
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Michalis Loizides Board Member Tax & Legal Services KPMG Limited
Volodymyr Serdechniuk Senior Manager Transfer Pricing Services KPMG Limited
Michalis Fiakkou Manager Transfer Pricing Services KPMG Limited
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