Postponement of Capital Gains Provisions
Capital Gains provisions in DTT between Cyprus & Russia postponed.
Published on: 06 February 2017 |
An announcement was issued by the Ministry of Finance of the Republic of Cyprus, on 29 of December 2016, announcing that an agreement has been reached between the Russian and Cyprus Authorities, postponing the application of the Protocol amending Article 13, of the agreement between the Cyprus and Russian Governments respectively signed on 7 October 2010, for Avoidance of Double Taxation with respect to taxes on income and on capital.
The announcement conveyed that an additional Protocol is being finalised in parallel, providing for the application of the revised provisions of Article 13 of the said Agreement, until revised provisions are introduced into other bilateral Agreements for the Avoidance of Double Taxation between the Russian Federation and other European countries.
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