SIT Submission Deadline Extended to 31 May 2025
Cyprus Extends SIT Submission Deadline for 2022 Tax Year – What You Need to Know
Ensuring compliance with Cyprus Transfer Pricing regulations
Transfer Pricing (TP) regulations in Cyprus are designed to ensure that transactions between related parties are conducted at arm’s length.
Cyprus enhances its Startup Visa Scheme to boost innovation and attract global talent.
Cyprus is taking bold steps to cement its reputation as a hub for innovation and entrepreneurship with the recent revisions to its Start-Up Visa Scheme.
Key Steps for Submitting the Summary Information Table (SIT) in Cyprus
Under Cypriot tax regulations, companies are required to submit the Summary Information Table (SIT) alongside their Income Tax Return Form, starting from the tax year 2022 onwards. The SIT is a crucial document that outlines intercompany transactions with related parties, ensuring compliance with transfer pricing rules and demonstrating that these transactions are conducted at arm's length. In this post, we’ll guide you through the key steps to prepare and submit the SIT for your Cyprus-based business.