CYPRUS CONTENTS
8. Penalties and Documentation p.126 8.1 Transfer Pricing Penalties and Defences p.126 8.2 Transfer Pricing Documentation p.126 9. Alignment With OECD Transfer Pricing Guidelines p.127 9.1 Alignment and Differences p.127 9.2 Arm’s Length Principle p.127 9.3 Impact of the Base Erosion and Profit Shifting (BEPS) Project p.127 9.4 Impact of BEPS 2.0 p.127 9.5 Entities Bearing the Risk of Another Entity’s Operations p.127 10. Relevance of the United Nations Practical Manual on Transfer Pricing p.127 10.1 Impact of UN Practical Manual on Transfer Pricing p.127 11. Safe Harbours or Other Unique Rules p.127 11.1 Transfer Pricing Safe Harbours p.127 11.2 Rules on Savings Arising From Operating in the Jurisdiction p.129 11.3 Unique Transfer Pricing Rules or Practices p.129 11.4 Financial Transactions p.129 12. Co-Ordination With Customs Valuation p.129 12.1 Co-Ordination Requirements Between Transfer Pricing and Customs Valuation p.129 13. Controversy Process p.129 13.1 Options and Requirements in Transfer Pricing Controversies p.129 14. Judicial Precedent p.129 14.1 Judicial Precedent on Transfer Pricing p.129 14.2 Significant Court Rulings p.129 15. Foreign Payment Restrictions p.130 15.1 Restrictions on Outbound Payments Relating to Uncontrolled Transactions p.130 15.2 Restrictions on Outbound Payments Relating to Controlled Transactions p.130 15.3 Effects of Other Countries’ Legal Restrictions p.130 16. Transparency and Confidentiality p.130 16.1 Publication of Information on APAs or Transfer Pricing Audit Outcomes p.130 16.2 Use of “Secret Comparables” p.130
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