Abolition of the back-to-back minimum margin scheme and introduction of transfer pricing rules In Cyprus

On 8 February 2017 the Cyprus Tax Department wrote to the tax committee of the Institute of Certified Public Accountants of Cyprus announcing its intention to abolish the so called “minimum margin scheme” which applies on related party loans (so called “back to back” financing arrangements), with effect from 1 July 2017. This development is in line with global initiatives in […]

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