Signing of a Multilateral Tax Convention

by:MICHAEL KYPRIANOU & CO LLC

The Ministry of Finance announced in a statement that on 7 June 2017 the Republic of Cyprus
co-signed the Multilateral Tax Convention with another 70 countries.

This Convention allows for rapid amendment of existing Double Taxation Conventions and their harmonization with the G20/OSA Guidelines in the framework of the Action Plan on the Eradication of the Tax Base and Transfer of Earnings.