Cyprus has concluded numerous Double Tax Agreements whilst certain other agreements are pending enforcement. The main purpose of these treaties is the avoidance of double taxation on income earned in any of these countries. Under these agreements, a credit is usually allowed against the tax levied by the country in which the taxpayer resides for…
On the 19th July 2011, Luxembourg’s Finance Minister Luc Frieden conducted an official visit to Cyprus. According to the Luxembourg government Mr Frieden exchanged views with his Cypriot counterpart Charilaos Stavrakis, on recent developments in their respective financial sectors and on European and national legislation in this area. Within this context, Cyprus and Luxembourg agreed…
Following the recent visit of Russian President Medvedev to Cyprus and the signing of the Protocol to the double taxation agreement on behalf of the governments of both countries, it is expected that the amended treaty will be ratified by the Parliaments of the two countries and will become effective from 1 January 2011. The…
The Ukraine’s Prime Minister, Mykola Azarov, said he hopes to sign a Double Taxation Agreement (DTA) with Cyprus, in a meeting with President of Cyprus’s House of Representatives, Marios Karoyan. “For many years we are in talks to sign convention on avoiding double taxation. Ten years ago when I worked as the Head of Tax…
An Agreement between the Republic of Cyprus and the Kingdom of Denmark for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income, was signed on 11.10.2010 in Copenhagen. The document was signed by Cyprus’s Ambassador to Denmark, George C. Kasoulides, and Denmark’s Tax Minister, Troels Lund Poulsen…