NEWS

Protocol amending the Convention for the Elimination of Double Taxation between the Government of Cyprus and the British Government

A Protocol for the Elimination of Double Taxation with respect to Taxes on Income and on Capital Gains and the Prevention of Tax Evasion and Avoidance was signed December 19, 2018 in Nicosia between the...

Cyprus and the United Kingdom have signed a new double tax treaty and accompanying Protocol (DTT)

Cyprus and the United Kingdom have signed a new double tax treaty and accompanying Protocol (DTT). Certain formal legal procedures must now take place in each State, following which the new DTT will enter into...

Economy expands 3.4% in the first quarter of the year

The Cypriot economy expanded 3.4 per cent in the first quarter of the year, compared to the respective three-month period of 2016, and a seasonally adjusted 3.3 per cent, the statistical service said citing a...

Solid growth rate and a drop of debt expected according to EC Spring Economic Forecast for Cyprus

A sοlid growth rate of 2.5% and 2.3% of GDP in 2017 and 2018, a budgetary surplus of 0.2% and 0.7%, and a fall in unemployment to 11.7% and 10.6% respectively are included in Cyprus`...

Cyprus and Luxembourg have signed a double tax avoidance and prevention of tax evasion treaty

Cyprus and Luxembourg have signed a double tax avoidance and prevention of tax evasion treaty, based on the model convention of the Organisation for Economic Cooperation and Development, the finance ministry said. Finance minister Harris...

The University of Cyprus said it expects the economy to expand 3.1 per cent this year

The University of Cyprus said it expects the economy to expand 3.1 per cent this year, boosted by an unusually strong economic performance in the first quarter, and consumer prices to rise 1.7 per cent....

Italy’s Eni expects that Cyprus will play a key role in the development of the region’s gas resources

Italy’s Eni, the energy giant which made the largest gas discovery in the Eastern Mediterranean off the coast of Egypt in 2015, expects that Cyprus will play a key role in the development of the...

Cyprus’ ship management revenues reach €896 million in 2016

Revenues from Cyprus’ ship management industry reached €896 million in 2016, the Central Bank of Cyprus (CBC) has announced. According to the ship management survey, revenues for the second half of 2016 amounted to €458...

Foreign investors ‘impressed’ with Cyprus

Foreign investors heaped praise on Cyprus during a special session focused on the country at the European Bank of Reconstruction and Development (EBRD) annual meeting on Thursday 11 May. “I was always impressed by the...

Cyprus-India sign double taxation agreement

Cyprus and India have concluded an Agreement on the Avoidance of Double Taxation. Following the entering into force of the signed agreement, the Indian Authorities will provide certainty and stability to prospective investors by retrospectively...
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