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Cyprus Updates Transfer Pricing FAQs

Cyprus Updates Transfer Pricing FAQs

The FAQs were updated on September 24.

The update adds questions 25-43. The main question is question 25. It concerns whether the company should account for non-interest-bearing balances payable for the local file and summary information table.

Non-interest-bearing balances payable are not accounted for in 2022 and 2023, but are accounted for from 2024.

The other questions clarify administrative aspects.

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