The above article has been published on the Lexology platform. Authored by Associate Alexis Christodoulou and Trainee Lawyer, Anna Cheimonidou, the article explains the reforms which have been made to the Income Tax Law (ITL) to ensure compliance with the OECD transfer pricing guidelines for Multinational Enterprises and Tax Administrations.
The article addresses the changes to section 33 of the ITL, transfer pricing documentation requirements including the criteria for exemption and, the penalties for non-compliance with the revised law.
The full article may be found by following this link.
For further information on this topic please contact Alexis Christodoulou, Anna Cheimonidou or the Tax Planning and Advanced Business Structuring Department at Elias Neocleous & Co LLC.
