Kyrgyzstan’s Cabinet of Ministers has approved an income tax treaty with Cyprus on 28 January 2025 following negotiations that concluded in April 2024.
The treaty aims to eliminate double taxation on income while preventing tax evasion and avoidance between Kyrgyzstan and Cyprus.
The new income tax treaty will supersede the 1982 tax treaty between Cyprus and the former Soviet Union, which has been in effect since 1983.
The new treaty must be signed and ratified to take effect.
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