On 28 March 2024, the Cyprus Tax Department updated its English-language Frequently Asked Questions (FAQs) on transfer pricing. The update includes the addition of the following questions. ---   18. Should the sale of shares or other securities between related persons that fall under the definition of "titles" as per article 2 of the ITL and Circular 2008/13 be reported in the SIT and be taken into account for the purposes of assessing whether the applicable Local File threshold is exceeded? No. In this specific case only, such transactions shall NOT, (a) be taken into account for the purposes of assessing...