President Anastasiades’s visit to India

The President of the Republic Nicos Anastasiades is visiting India, where he will pay a four-day state visit, heading a government delegation, which will be accompanied by the Ministers of Finance, Energy, Transport, Agriculture and the Government Spokesman and...

Cyprus and Iran Double Tax Treaty – August 2015

Cyprus and Iran signed an agreement to avoid double taxation standards in Nicosia on Tuesday, after an agreement was reached between the Middle East state and the West. The Agreement of Avoidance of Double Taxation and Tax Evasion, which specifically deals with income...

November 2014 – Cyprus, Iceland sign double taxation agreement

Cyprus and Iceland have signed a double taxation agreement based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital, the Finance Ministry said in a statement on Friday. By signing this agreement both countries aim to strengthen...

New DTT between Cyprus and Guernsey

August, 2014 Cyprus and Guernsey have entered into a double taxation treaty (DTT).  The agreement was completed on July 15 2014 in Cyprus and on July 29 2014 in Guernsey, respectively. The treaty will reportedly enter into force on January 1, 2015, following its...

New Cyprus-Norway double tax treaty signed

Once effective (January 1, 2015), the new DTT will replace the current one between Cyprus and Norway. Under the new DTT there is no withholding tax on interest and royalties. The following WHT rates apply on dividends: 0% if the beneficial owner of the shares is a...