New Documentation Rules for Non-Resident Payments

April 17, 2025 – Limassol
Cyprus now requires stricter documentation for payments made to non-resident companies, including dividends, interest, royalties, and service fees.

Requirements Include:

• Detailed contracts outlining transaction terms.

• Evidence proving the payment was made at arm’s length.

• Supporting documents such as financial statements and invoices.

These rules apply particularly to transactions involving jurisdictions on the EU’s non-cooperative or low-tax lists. Businesses are urged to enhance their record-keeping and ensure full audit readiness.