Cyprus/September 2014
On the 25th of July 2014 Cyprus and Switzerland signed a double taxation agreement based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital. The treaty is not yet in force since it is subject to ratification by the two Contracting States.
By signing this agreement both countries aim to strengthen their trade and economic relations.
It was stated by the Cyprus Ministry of Finance that: “Updating, maintaining existing and signing new double taxation treaties is part of the drive to enhance and attract foreign investments, as well as of promoting Cyprus as an international business hub.”
Cyprus has double taxation treaties with more than 50 countries and Switzerland with over 80 countries.
Zoe Kokoni
Eurofast, Cyprus Office
zoe.kokoni@eurofast.eu
Tel: +357 22 699 222
www.eurofast.eu