The information published in these booklets is accurate as at the date of publication.
Cyprus Tax News and Alerts
The new treaty between Cyprus and the Czech Republic signed earlier this year that will replace the previous 1980 treaty with the then-Czechoslovakia has been ratified.
Cyprus has introduced new provisions to apply retroactively from 1 January 2009 which are good news for portfolio investors and Collective Investments Schemes. The amendments also abolish the provisions which sometimes lead to a maximum of 15% effective rate of tax on interest income, now ensuring the maximum is 10%.
Cyprus signs a new Protocol to its tax treaty with Italy to include the current OECD model treaty article on the exchange of information and a new treaty with the Czech Republic to replace the existing treaty dating from 1980.
The Cyprus-Russia Tax Alert April 2009 was written jointly with the Deloitte Moscow office regarding the new Protocol to Cyprus-Russia Tax Treaty signed in April 2009 and the removal of Cyprus from the Russian "Blacklist".