Cyprus-Ukraine initial protocol to treaty
The governments of Cyprus and Ukraine initialed an amending protocol regarding the Cyprus - Ukraine Income Tax Treaty (2012) on 2 July 2015. A press release was published by the government of Cyprus in this regard on 8 September
See MoreCyprus and Iran sign Income Tax Treaty
The Republic of Cyprus and the Government of Iran signed an Income Tax Treaty on August 4, 2015 for the Avoidance of Double Taxation. The treaty will come into force after the two countries exchange ratification instruments. Under the treaty, the
See MoreCyprus: Parliament Enacts Tax Law Amendments
On 9 July 2015 the House of Representatives of Cyprus enacted into law a number of significant tax law proposals. The laws were published in the Cyprus Government Gazette on 16 July 2015. A number of changes to the Cyprus corporate and personal
See MoreCyprus: Sweeping tax reforms to encourage foreign investors
Cyprus has announced a series of tax reforms which aim to sustain Cyprus as an even more attractive choice for Individuals and companies aiming to structure their worldwide investments using Cyprus as the jurisdiction of choice for holding
See MoreSouth Africa: Parliament ratified Cyprus-South Africa amending protocol
The South African parliament ratified the amending protocol between Cyprus and South Africa on May 20, 2015. The treaty was signed on 1 April 2015. The protocol modifies the Cyprus - South Africa Income and Capital Tax Treaty
See MoreSwitzerland- Cyprus: Swiss parliament approves the treaty
The Swiss parliament approved the Cyprus - Switzerland Income and Capital Tax Treaty of 2014 on 19 June
See MoreCyprus outlines tax reforms in letter of intent to the IMF
The International Monetary Fund (IMF) has published on its website a Letter of Intent from Cyprus, together with a Memorandum of Economic and Financial Policies and Technical Memorandum of Understanding, in connection with a request for financial
See MoreSouth Africa signs protocol to amend tax treaty with Cyprus
The amending protocol to the Income and Capital Tax Treaty (1997) between South Africa and Cyprus was signed on April 1,
See MoreCyprus and Malaysia: DTA negotiations
Cyprus and Barbados have confirmed that they have agreed to finalize the negotiations for a Double Taxation Agreement (DTA) in the near future. Further details will be reported
See MoreCyprus-OECD Convention and protocol on Mutual Administrative Assistance in Tax Matters enters into force
The multilateral convention and protocol between Cyprus and OECD regarding mutual administrative assistance in tax matters entered into force on 1 April 2015. The convention and the protocol were signed on 10 July, 2014. The convention and the
See MoreCyprus and Bahrain sign DTA
Cyprus has signed a Double Taxation Agreement (DTA) with Bahrain on 9 March 2015. The treaty will follow the OECD Model Convention for the Avoidance of Double Taxation on Income and on
See MoreCyprus and Barbados: DTA negotiations
Cyprus and Barbados have confirmed that they are in negotiations towards a double tax agreement (DTA), which could be signed very
See MoreBahrain and Cyprus: Draft Income Tax Treaty Approved By Bahraini Cabinet
The Bahraini Cabinet approved the draft income tax treaty with Cyprus, on 19th January 2015. This will be the first income tax agreement between the two countries. It will enter into force and apply after it has been finalized, signed, and ratified
See MoreCyprus: Central Bank To Reduce Interest Rates
The Central Bank of Cyprus announced lowering its interest rates by 1 percent as of March 1, 2015. The reduction will apply to all loans connected to the bank’s basic interest rate, both serviced and non-performing. In a statement, the bank
See MoreCyprus-Lithuania Double Tax Treaty Enters Into Force
The double tax treaty between Cyprus and Lithuania entered into force on 1 January 2015, which was signed on June 2013. Under the treaty the following withholding taxes will apply: Dividend: 0% if the recipient is the beneficial owner of at least
See MoreCyprus: Double Tax Agreement With Iceland Come Into Force
The Income Tax Treaty between Cyprus and Iceland entered into force on 23 December 2014 and its provisions apply from 1 January 2015. The treaty was signed on 13 November 2014. Under the treaty, withholding tax on dividend will be 5 % if the
See MoreCyprus: Double Tax Agreements With Spain And Norway Come Into Effect
Cyprus's double tax treaties with Spain and Norway come into effect as of January 1, 2015. All of the new treaties concluded by Cyprus are generally based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention
See MoreUkrainian Cabinet Dissolves DTA With Cyprus
The Cabinet of Ministers of Ukraine approved the draft law on the denunciation of the Cyprus - Ukraine Income Tax Treaty (2012), on December 17, 2014. Prime Minister of Ukraine, Arseniy Yatseniuk said that when the convention was signed in 2012, it
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