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Cyprus tax authorities issue transfer pricing simplification measures

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Cyprus

  • The Cypriot Tax Department issued a circular on 6 July 2023, with effect as of 1 January 2022, introducing simplification measures regarding intercompany transactions below the threshold of €750,000 in aggregate per category of transaction per tax year.
  • Additional simplification measures have been introduced with regard to specific subcategories of intercompany transactions, allowing the applicatio…

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