The Cypriot Tax Authority has issued Frequently Asked Questions (FAQs) regarding the new transfer pricing legislation.The Interpretive Circular 3 (dated 30 June 2017) on back-to-back financing arrangements has been revoked with effect as from 1 January 2022, as announced in the Circular issued on 5 January 2023.This Alert summarizes details on the FAQs.Executive summaryFollowing the enactment of the transfer pricing legislation,1 the Cypriot Tax Authority has issued a number of FAQs with effect as of 1 January 2022, providing guidance with respect to the transfer pricing (TP) documentation requirements as introduced in Article 33 of the Income Tax Law.Detailed discussionOn 10...