On 30 June 2022, the Cyprus Parliament voted for the introduction of transfer pricing documentation requirements for Cyprus tax resident persons and permanent establishments of non-Cyprus tax resident persons, applicable as from 1 January 2022. The arm's length principle is at the heart of Transfer Pricing, pursuing the fair and proportional attribution of profits between related parties for tax purposes. The arm’s length principle provides that transactions between related parties should be carried out at no different terms and conditions…

At the time of writing (14 March 2022), it is difficult to make predictions for Cyprus in 2022. This is due to the fact that it is impossible to forecast how long the military phase of action in Ukraine will last, and what type of solution one can expect. For 2022, however, it is likely that no matter what occurs (assuming this does not involve escalation into a regional conflict between NATO and Russia), the impact on Cyprus will be…

After two years of COVID, analysts and government officials in Cyprus were looking forward to a resumption of growth in 2022. Early bookings and flight schedules from a range of source markets pointed to a massive increase in tourism arrivals in 2022, possibly approaching the historic highs of 2019. Despite the pressures of higher inflation due to higher energy costs and the container “squeeze”, it was believed that if the Omicron strain of COVID would only die down, Cyprus would…

From 2015 I have been blogging and reporting on Cypriot Startups, technology and innovation. I used to run the independent media DisruptCyprus, where we dealt with news and stories of innovation, start-ups, technology and inventions based in Cyprus and or created by Cypriots worldwide. We managed to grow a social media community of 15,000+ people organically, I covered 300+ events in Cyprus and abroad and we organised lots of innovative tech events. Through our interaction with a lot of people…