Good transfer pricing policies and strategies ensure a robust and sustainable business. In this light, any successful business must adapt its pricing policies to meet the legal and economic requirements of the country in which it operates.

In line with the latest changes to the official transfer pricing strategy and service guidelines in Cyprus, any tax resident company in the country – or a Cyprus permanent establishment of a non-Cyprus tax resident company engaged in related party transactions – must prepare a Master and Local File for the Cyprus Tax Authority (CTA), subject to specific exemptions. Respective companies must also submit a summary table on an annual basis, disclosing details regarding related party transactions. Failure to comply with new requirements will result in respective penalties. 

AsusPlus has the expertise and knowledge to help with your transfer pricing needs and offers specialist transfer pricing expertise to increase your efficiency. This includes assistance with preparations of a Master and Local File, as well as help with APA requests pertaining to current or future domestic or cross-border Controlled Transactions and more.