ΠΕΡΙΓΡΑΦΗ

Transfer pricing is a challenging area in the field of international taxation with which multinational businesses performing intragroup transaction must comply. Cyprus introduced its Transfer Pricing legislation in 2022 therefore it is essential for Cyprus Companies that have related party transactions that fall under this legislation to maintain a robust transfer pricing documentation file to support its intragroup pricing against challenges that will be imposed by the tax authorities. 

Being aware of the basic transfer pricing principles and the situations in which an obligation for the preparation of a transfer pricing study arises, will ensure effectiveness in informing the clients of their obligations and providing the at most assistance in fulfilling such obligations.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

After the completion of the webinar, participants are expected to: 

1. Describe the reasons that created the necessity for the preparation of a transfer pricing study 
2. Identify which parties are considered related as per the definition included in article 33 of Income Tax Law. 
3. Describe the concept of arm’s length principle. 
4. Analyse each comparability factor. 
5. List and describe the methods that can be used to prepare a transfer pricing study, and choose the most appropriate method for the preparation of a transfer pricing study based on a case-by-case basis.
6. Identify whether a transaction should be supported by a transfer pricing study based on the Law and the new TP regulations, organize the steps required to analyse, summarize, and present data, respond to audits, and defend results of the transfer pricing study. 
7. Participate in fruitful discussions regarding the proper preparation of a transfer pricing study.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This program is specifically designed for professionals who would like to become familiar with the essential concepts and principles of Transfer pricing in order to gain a better understanding of the field and correctly interpret the transactions they may potentially face on a daily basis in their working environment. More specifically: 

• Lawyers; 
• Financial Controllers; 
• Finance Managers; 
• Auditors; 
• Accountants; 
• Professionals with a particular interest in Transfer pricing; 
• Tax professionals. This seminar contributes to Continuing Professional Development for 4 CPD Units.