Cyprus:
Cyprus-India Double Taxation Avoidance Agreement
05 December 2016
Michael Kyprianou Law Firm
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On the 18th November 2016, the Republic of Cyprus and the
Republic of India signed a double taxation avoidance agreement in
relation to taxation on income.
When the agreement enters into force, the Indian authorities
will remove Cyprus from the list of "Notified Jurisdictional
Area", with retrospective effect from 1 November 2013.
The said agreement is expected to contribute to the further
development of commercial and economic relations between the two
countries. Likewise, the agreement aims at attracting further
foreign investments in Cyprus as well as promoting Cyprus as an
international business center.
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.
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