Eurofast Taxand starts Transfer Pricing Unit in Cyprus

Eurofast Taxand has added a new service, the Transfer Pricing Unit (TP Unit) as part of its Tax Services in Cyprus.
Eurofast experts can now offer practical solutions to potential effects of transfer pricing rules and regulations on various tax structures involving Cyprus, including holding, financing or IP company in Cyprus, transactions with shares within a reorganisation, as well as in cases when a Cyprus company has a permanent establishment abroad.
“The delicate balance between the interests of multinational companies and the tax authorities is even more important as ever,” explains Anna Zafirova. “Frequent legislative changes and the differing regimes of jurisdictions continue to increase the burden of compliance for multinationals. Transfer Pricing is a crucial area through which this balance can be maintained. The use of effective Transfer Pricing planning and the clarification of Transfer Pricing rules is becoming more and more important to avoid double or even multiple taxation which can limit the ability of economic growth through international trade and investment.”
For a copy of the TP guide visit the website www.eurofast.eu under Taxand Corner.