The Cyprus Commissioner of Taxation has reportedly increased the transactions threshold for inclusion in the transfer pricing Local file. Cyprus introduced new Local file requirements from the 2022 year, including that cumulative controlled transactions exceeding EUR 750,000 per category per year are required to be included in the Local file. However, the Commissioner has increased this threshold to EUR 5 million for the category of financing transactions and to EUR 1 million for all other categories of transactions. The increase was announced in a letter to the Institute of Certified Public Accountants of Cyprus, the Cyprus Chamber of Commerce and...