News › Weekly Alert Article

Double Tax Treaty network expansion


Cyprus seeks to reinforce its title as a beneficial investment hub by expanding its double tax treaty network and creating stronger economic and trade relations with other contracting states. Taxand Cyprus provides an overview of the latest agreements.

Double Taxation Agreement between Cyprus and Lithuania 
In 21 June 2013 Cyprus and Lithuania signed their first Double Tax Treaty. Since then, they ratified their Agreement and the new Agreement will enter into force on 1 January 2015. 

Double Taxation Agreement between Cyprus and Guernsey 
On 15 July 2014 Cyprus and Guernsey signed a double taxation avoidance Agreement, which will enter into force upon the ratification of the Agreement by the 2 Contracting States. The Agreement is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.  

Discover more: Double Tax Treaty network expansion

Your Taxand contact for further queries is:
Zoe Kokoni
T. +357 22 699 222

Quality tax advice, globally

Taxand's Take

Multinationals and national corporations should keep up to date on the changes to ensure they don't miss out on any benefits presented by the treaties in place.

Taxand's Take Author

Zoe Kokoni

Access Taxand's Take

Access Taxand's Take

Register to receive Taxand’s latest opinion on topical tax news