Cyprus:
Double Tax Treaty Between The Republic Of Cyprus And The Kingdom Of The Netherlands-Update
03 May 2023
KPMG in Cyprus
To print this article, all you need is to be registered or login on Mondaq.com.
On 18 April 2023, the Upper House of the Dutch Parliament
approved the first of its kind Double Tax Treaty
("Treaty") between the Republic of Cyprus and The Kingdom
of the Netherlands, which was signed on 1 June 2021.
The ratification process in the Netherlands will be finalised by
the signature of the Treaty by the King of the Netherlands. The
ratification process in Cyprus has been completed with the
publication of the Treaty in the Cyprus Government Gazette on 4
June 2021.
The ratification process will be finalised upon the exchange of
Notification letters.
The Treaty is anticipated to be effective from 1 January
2024.
For more information and details, please refer to our previous
Tax alert.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from Cyprus
Extending 0% VAT On Certain Goods Until 30 June 2024
KPMG in Cyprus
On 19 April 2024, the Council of Ministers decided to further extend the temporary application of the zero VAT rate on specific goods, which previously fell under either the standard VAT rate of 19% or the reduced VAT rate of 5% (ΚΔΠ 138/2024).
Removal Of Cyprus From The Russian Tax "Blacklist"
Elias Neocleous & Co LLC
The long-awaited removal of Cyprus from the "List of the States and Territories providing preferential tax treatment and (or) not requiring disclosure and furnishing of the information upon conducting of financial transactions (offshore zones)" appended to Order 108n of the Ministry of Finance of the Russian Federation dated 13 November 2007 took effect from the beginning of 2013.