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Double Taxation Agreement
On the 25 July 2014 Cyprus and Switzerland signed a double taxation agreement based on the OECD Model Convention for the Avoidance of Double Taxation on Income and Capital. Taxand Cyprus takes a look at the new agreement.
The treaty is not yet in force since it is subject to ratification by the two Contracting States, but by signing this agreement both countries aim to strengthen their trade and economic relations.
Currently, Cyprus has double taxation treaties with more than 50 countries and Switzerland with over 80 countries.
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