Information on the abolition of the rules regarding the fixed margin in Cyprus

The norms, setting minimum margin for financial transactions between interdependent persons and which have been applied since 2011, have been abrogated and will cease to be effective as of July 1, 2017.

With regard to all financial transactions between interdependent persons, they are all subject to confirmation in accordance with the TP (transfer pricing) rules, which were prepared by independent experts and which are based on the OECD (Organization for Economic Cooperation and Development) standards.

Please, apply for the lawyers of Law & Trust International in order to get more detailed information regarding the foregoing issue. Consultations are possible by phone, in chat or during personal conversation at the company's office.