The Cyprus Tax Department published frequently asked questions on 24 January 2022 regarding the tax treatment of intra-group back-to-back financing transactions --- Frequently Asked Questions with reference to the Interpretive Circular 3 dated 30/06/2017 with title "Tax treatment of intra group back-to-back financing transactions", hereafter "Back-to-Back Circular". The answers to the FAQs are applicable to all transactions that fall within the scope of the Back-to-Back Circular and relate to loan agreements concluded as at the date of the issue of the FAQs and thereof (i.e. 24/01/2022), as well as to those loan agreements which were concluded prior to that date...