This webinar will provide an overview of the key relevant law amendments to safeguard full compliance with the Transfer Pricing Regulations and mitigate the transfer pricing risk exposure.

Participants will have the opportunity to familiarise themselves with the new transfer pricing developments in Cyprus and provide a practical environment in which these can be applied to hypothetical situations.

Presentation Objectives

– Understand the concept of Transfer Pricing and its importance in the sphere of International Tax Law.

– Understand the Arm’s Length Principle and its application.

– Identify the key amendments to Article 33 “New Transfer Pricing legislation” in Cyprus.

– Explain the 25% relationship test.

– Analyse the content of Summary Information Table and explain its importance.

– Explain the new requirements in relation to TP Documentation – Local and Master File

Presentation Outline

– Concept of Transfer Pricing

– Arm’s Length Principle and its application

– New Transfer Pricing legislation in Cyprus

– A. Revised Article 33 – 25% relationship test

– B. Summary Information Table

– C. TP Documentation – Local and Master File

Speaker

Pantelis Karonias | Tax Adviser