On 8 October 2019, Cyprus and Egypt signed an updated Agreement for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion and Avoidance, incorporating the OECD model convention.
The new text will update the existing Agreement that was signed on 19/12/1993 and entered into force on 14/3/1995. The new Agreement that has been agreed will contribute to further develop the economic relationship and to enhance the co-operation in tax matters between the Government of the Republic of Cyprus and the Government of Arab Republic of Egypt.
