New Cyprus-Iceland DTT
Cyprus and Iceland sign a Double Taxation Agreement, further strengthening economic and financial relations between the two countries.
Published on: 17 November 2014 |
Cyprus and Iceland have signed a double taxation avoidance agreement based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.
According to a statement by the Cyprus Ministry of Finance, the double tax agreement contributes in further developing commercial, trade and economic relations between the Cyprus and Iceland, as well as with other countries.
“Updating, maintaining existing and signing new double taxation treaties is part of the drive to enhance and attract foreign investments, as well as of promoting Cyprus as an international business hub,” the Ministry’s statement added.
Cyprus now has double taxation treaties with over 50 countries, further strengthening its position as a leading investment and professional services hub in the EMEA region.
Read more about the various Double Tax treaties with Cyprus
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