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Cyprus: Minimum wage at 940 euros per month

September 2022: The Cyprus Minister of Labour and Social Insurance, announced yesterday (31/8/2022) the establishment of the National Minimum Wage after the meeting of the Council of Ministers. The Cyprus National Minimum Wage is set at 940 euros. For new…

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Cyprus: 2022 transfer pricing changes

After recommendations by the OECD, the Cyprus parliament approved certain documentation requirements on transfer pricing (June 30th, 2022). The legislation is effective from 1 January 2022. The purpose of the changed regulations is to warrant compliance of covered entities with…

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