A new Double Taxation Agreement has been added to the wide network of Double Taxation Treaties that Cyprus already has with a large number of countries. Following its emergence as an independent state, Slovenia adopted the double taxation agreement dated 29 June 1985 between the former Yugoslavia and Cyprus. A new double taxation agreement has…
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…
Cyprus has one of the most favourable double tax treaties with India for the avoidance of double taxation and the prevention of fiscal evasion. The tax treaty offers benefits such as exemption from capital gains tax. As a result of the benefits offered, an ever increasing proportion of investment into India has been channelled through…
Property Transfer fees are imposed by the Department of Land and Surveys in order to transfer ownership of preoperty to the name of the purchaser. The transfer fees are due for payment when the transfer of the title deed in the name of the purchaser takes place. The Purchaser is solely responsible for the payment…
General 1. The taxable earnings, where imported into the Republic, from the export of locally made or produced products (excluding petroleum product), are taxable up to the 2002 at ½ rates. 2. Companies which introduced shares into the Cyprus Stock Exchange for the first time, following the 10.7.1998, are taxable for the 4 tax years…
Cyprus is a member of the European Union and is situated in the Eastern Mediterranean, lying at the hub of three continents and close to the busy trade routes linking Western Europe with the Middle East, Africa and the Far East. The legal system is based on the English common law. The national currency is the…