Cyprus has approved the signing of a protocol to amend its 1988 income tax treaty with Sweden, marking the first modification to the agreement. The protocol, authorised on aims to prevent double taxation and combat tax evasion, and will take effect following signature and ratification.
The Council of Ministers of Cyprus approved, on 24 April 2026, the signing of a protocol to amend the existing income tax treaty with Sweden. The decision, published in the Official Gazette on the same date, authorises amendments to the 1988 treaty.
This decision was made under Decision No. 98.498 following Proposal No. 994/2025.
This will be the first protocol to modify the agreement and aims to prevent double taxation on income and curb tax evasion between Cyprus and Sweden.
It will enter into force once it has been signed and ratified.
