The rise of ‘digital nomads’ in Greece
The new reality, introduced by the consecutive lockdowns due to the COVID-19 pandemic, in combination with the robust networking infrastructure, through the completion of the licensing process of 5G networks, …
Malta monitoring by the FATF: A yellow flag that could be economically beneficial
Malta is a socioeconomic miracle. Out of a rocky island, a nation of highly educated people, managed to establish an international corporate centre, a technological hub, a paradise for online …
A closer look at TP documentation in Cyprus
While many EU countries have already adopted and apply in their national legislation the OECD Transfer Pricing Guidelines, Cyprus is the last country to introduce transfer pricing (TP) legislation in …
Cyprus vs Delaware: Is TP the remedy to tax imbalance?
The rosy plan of the Biden administration to fight tax evasion was promoted heavily throughout the 2020 presidential campaign – and can be justified as fair and in the interest …
Reviewing exchange of information: The case of Cyprus
The European Court of Auditors (ECA) carried out an audit in five member states including Cyprus in order to determine the effectiveness of the system for exchange of tax information …
The arrival of DAC6 in Cyprus
In anticipation of the impending expiry of the deadlines for reporting according to DAC6 guidelines, many European countries have already inaugurated the technical guidelines and platform for the automatic filing …
TP in Financial Arrangement, the case of Chevron
Chevron Transfer Pricing (TP) case regarding an intragroup financial arrangement was heard over 21 court days in Australia. More than 20 witnesses and experts from financial and tax sectors participated …
BEPS: The Caterpillar Case Study
The US Senate issues occasionally reports which demonstrate how some U.S. multinational corporations have employed complex transactions and licensing agreements with offshore affiliates to exploit tax loopholes, shift taxable income …
Transfer Pricing in Russia: What you need to know
The rules on transfer pricing were introduced in Russia in 2000, were substantially amended in 2011 and came into force on January 1, 2012. The rules did not refer directly …
Transfer Pricing in Malta: A review on Maltese corporate taxation
Sustainable development of EU’ economies requires taking into account several issues, which are related to the increased scale of international trade. Globalization has led to a substantial increase of cross-border …