A Protocol amending the Convention for the Avoidance of Double Taxation with respect to Taxes on Income was signed on May 19th 2017 in Nicosia. On behalf of the Republic of Cyprus Mr. Ioannis Kasoulidis, Minister of Foreign Affairs of the Republic of Cyprus signed the Protocol and on behalf of the Republic of San Marino the Protocol was signed by Mr. Nicola Renzi, Minister of Foreign Affairs.
The text agreed between the two Contracting States, will contribute to further developing trade and economic links between Cyprus and San Marino while enabling the enhancement of links with other Jurisdictions. The Government will continue to actively expand the already wide tax treaty network of Cyprus, thereby enhancing the attractiveness of doing business from Cyprus.
