Tax Update: Cyprus and Germany sign agreement on double taxation avoidance
On the 18.02.2011, the Republic of Cyprus and the Federal Republic of Germany executed an updated agreement for the avoidance of double taxation on income and capital. The new agreement replaces the existing tax agreement of 1974. The agreement was signed in Nicosia, by Cyprus Minister of Finance Charilaos Stavrakis and German AmbassadorGottfried Zeitz. The…