Latest Treaty Updates: Cyprus


Treaty Update: Cyprus - Poland

26/3/2012

Cyprus and Poland signed a Protocol amending their existing DTA on March 22, 2012.


Treaty Update: Russia - Cyprus

17/2/2012

Russia's lower house of parliament, the Duma, ratified the pending DTA protocol between Cyprus and Russia on February 15, 2012.


Treaty Update: Russia - Cyprus

28/7/2011

According to preliminary media reports, Russia ratified a Protocol to the DTA with Cyprus on July 14, 2011. The Protocol was signed in 2010 and amends the 1998 treaty.


Treaty Update: Cyprus - Luxembourg

28/7/2011

According to preliminary media reports, the finance ministers of Luxembourg and Cyprus have agreed that negotiations should commence towards the signing of a convention for the avoidance of double taxation.


Treaty Update: United Arab Emirates - Cyprus

14/7/2011

According to preliminary media reports, the United Arab Emirates government ratified the country's DTA with Cyprus on June 28, 2011.


Treaty Update: Ukraine - Cyprus

5/7/2011

Cyprus and Ukraine will sign a Protocol to amend their existing double tax agreement by October at the latest, Ukrainian President Viktor Yanukovych told a press conference on July 4, 2011.


Treaty Update: United Arab Emirates - Cyprus

30/6/2011

The UAE Cabinet on June 28, 2011, approved the initialled text of a DTA with Cyprus.


Treaty Update: Cyprus - United Arab Emirates

22/6/2011

According to preliminary media reports on June 14, Cyprus has signed a DTA with the United Arab Emirates.


Treaty Update: Cyprus - Armenia

22/6/2011

According to preliminary media reports on June 14, Cyprus has signed a DTA with the Armenia.


Treaty Update: Estonia - Cyprus

1/6/2011

No further information provided.


Treaty Update: Cyprus - Germany

31/5/2011

New DTA


Treaty Update: Armenia - Cyprus

27/5/2011

Ratified by Armenia




Treaty Updates by Territory

Latest News


Russian Duma Ratifies Cypriot DTA Protocol 21/2/2012
Russia's lower house of parliament, the Duma, has ratified the pending Protocol to the double tax avoidance agreement with Cyprus, confirming removal of the nation from Russia's notorious 'blacklist'.

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Luxembourg, Cyprus To Launch Talks On DTA 22/7/2011
Luxembourg’s Finance Minister Luc Frieden recently conducted an official visit to Cyprus at the invitation of his Cypriot counterpart Charilaos Stavrakis, with the talks focussing on strengthened fiscal cooperation by means of a future bilateral tax agreement.

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EU Launches Multi-Year Review Of Cross-Border Taxation 23/12/2010
The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.

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Ukraine Calls For Conclusion Of New Cypriot DTA 15/11/2010
The Prime Minister of Ukraine, Mykola Azarov has called for the renegotiation of the double tax agreement between Ukraine and Cyprus, while meeting with the President of the Cypriot House of Representatives, Marios Karoyan.

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Cyprus, UAE Conclude DTA 29/10/2010
The negotiations for an agreement between Cyprus and the United Arab Emirates on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income were concluded successfully in Nicosia recently.

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Russia, Cyprus Sign Tax Treaty Protocol 13/10/2010
Russia and Cyprus have signed a protocol to their double taxation agreement which allows for extensive exchange of tax information and removes Cyprus from the notorious Russian 'blacklist'.

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Panama, Cyprus Discuss Tax Agreement 29/9/2010
Panama’s President, Ricardo Martinelli met with his Cypriot counterpart, Demetris Christofias on September 22, to discuss improving economic cooperation, including through the signing of a convention for the avoidance of double taxation and fiscal evasion.

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Russia, Cyprus To Sign Tax Agreement 27/9/2010
Russia and Cyprus are due to sign a new double taxation avoidance agreement which should secure Cyprus's removal from the notorious Russian 'blacklist'.

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Panama To Sign DTA With Luxembourg 6/7/2010
The Panamanian government has finalized negotiations in Luxembourg ahead of the signing of a treaty to avoid double taxation between the two countries, announced deputy economy minister, Frank De Lima, who led the negotiating team for Panama.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

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BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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Amazon Retaliates Against Colorado 11/3/2010
Amazon.com cut ties with its Colorado affiliate marketers on March 8 after the US state forged ahead with its plan to introduce a mandatory Internet sales tax on e-businesses with an annual turnover exceeding USD100,000.

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Norway Urged To Revise Fiscal Policy 11/3/2010
The Organization for Economic Cooperation and Development has called on Norwegian authorities to revise fiscal policy in light of the nation’s recovering economy.

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