Cyprus Transfer Pricing

Our tax team specializes in providing comprehensive transfer pricing advisory services in Cyprus and beyond. Our tax team is adept at guiding businesses through the complexities transfer pricing within the tax framework, ensuring compliance, and optimizing group and cross-border transactions.

With the recent amendments to the Cypriot Income Tax and Assessment and Collection of Taxes Laws, transfer pricing rules have been aligned with the OECD Transfer Pricing Guidelines. We specialize in navigating these complex regulations to ensure your business stays compliant and efficient.

Our Transfer Pricing (TP) Services include:

Master File Preparation:

• Assisting multinational groups in preparing the Master File, containing high-level global business operation information;
• Ensuring compliance for groups with consolidated revenue exceeding €750 million and Cypriot tax residency.

Local File Documentation:

• Detailed documentation of local business transactions, aligning with OECD TP Guidelines;
• Tailored for Cypriot tax resident companies engaged in transactions exceeding €750,000 per category.

Summary Information Table (SIT) Compliance:

• Preparing the SIT, reflecting high-level related-party transaction details;
• Ensuring annual submission with no materiality threshold for reporting.

Advance Pricing Agreements (APAs):

• Facilitating submission of APAs to Cypriot tax authorities;
• Advising on unilateral, bilateral, or multilateral APAs for up to four years.

At AGP Law we offer:

• In-depth Local Knowledge: Expertise in Cyprus’ specific transfer pricing regulations;
• OECD Guidelines Alignment: Ensuring global compliance with detailed attention to Cyprus’ unique requirements;
• Tailored Advisory Services: Custom solutions for Master and Local File preparation, SIT compliance, and APA facilitation;
• Proactive Compliance Management: Keeping your business ahead of regulatory changes.

For more details as to how can we help you, please contact us now.