New Double Tax Treaties for Cyprus From 1 January 2015

Cyprus Double Tax Treaty network has been extended with five treaties becoming effective as of 1 January 2015. These are treaties with Iceland, Lithuania, Norway, Spain and UAE.

Treaties which been signed and have been ratified/in the process of ratification and expected to come into effect on 1 January 2016 are with Bahrain, Georgia, Guernsey, Iran and Switzerland.

The treaties with Barbados and Saudi Arabia have been concluded and are waiting signature and ratification.

Treaties with the following countries are at various stages of negotiation Croatia, Hong Kong, Israel, Jersey, Luxembourg, Netherlands, Pakistan, Sri Lanka plus agreements with about 15 African countries.

The new treaty with Ukraine is finalized.