The Cyprus Tax Department updated its English-language Frequently Asked Questions (FAQs) on transfer pricing on 24 September 2024. The update includes the addition of questions 25 to 43. The main question is question 25, which concerns whether a company needs to take interest-free payable balances into account for the local file and the summary information table (SIT). Interest-free payable balances are not taken into account for 2022 and 2023 but are taken into account from 2024. The other questions clarify administrative issues. --- 25. Company "A" has an outstanding interest free payable balance to Company "B". Should Company "A": (a)...