Transfer Pricing

Brief description

Global trade has significantly increased, creating an unprecedented level of integration inrecent years. Globalisation and the rapid growth of international trade results inintercompany pricing becoming an everyday necessity. Increasingly, local and internationalt ax authorities review these types of transactions in more detail, seeking to avoid abuses and avoidance channels. With changes in international tax environment, transfer pricinghas become a complex area for many businesses.

On 30 June 2022 the Cyprus House of Representatives voted into law new transfer pricing (TP) rules. This completes Cyprus’ adoption of the three tiered standardised approach to TP documentation, which has been introduced by many countries as part of the OECD/G20 action plans to address Base Erosion and Profit Shifting (BEPS). With the recent issuance of new TP Regulations which introduced documentations requirements and a penalty regime, taxpayers must be thoroughly educated on the new TP compliance requirements. This seminar takes a holistic view to TP compliancein light of the new TP Regulations and provides insight into practical aspects of compliance as it relates to various high risk related party transactions such as intra group services, safe harbors and intangibles among others.

Who should attend the course?

The seminar will provide such professionals with solid knowledge of the key concepts and techniques of transfer pricing in order to achieve full compliance with the requirements ofthe new TP Regulations and mitigate the transfer pricing risk exposure.

Programme