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CYPRUS SIGNS A NEW TAX TREATY WITH UNITED KINGDOM FOR THE AVOIDANCE OF DOUBLE TAXATION

The Republic of Cyprus has concluded a new Double Tax Treaty with United Kingdom. The treaty was signed on the 22nd of March 2018. The actual publication of the treaty in the Gazette took place on the 2nd of April 2018.

The new treaty shall enter into force upon both Cyprus and United Kingdom exchanging notifications that the formal ratification procedures have been completed. In Cyprus the provisions of the treaty with respect to taxes will have effect on or after 1 January post ratification.

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