НОВОСТИ

14 Март 2012

The new Cyprus and Germany Double Tax Treaty enters into force on 16th December 2011

As per the announcement of the Cyprus Ministry of Finance all necessary procedures for the enforcement of the new Double Tax Treaty between Cyprus and Germany, which was signed on the 18th February 2011, have been completed by the two countries and the Agreement enters into force on the 16th of December 2011.

The provisions of the Agreement and the relevant Protocol of the Agreement are applicable:

  • In relation to taxes withheld at source, to income paid or credited on or after the 1st January 2012.
  • In relation to other taxes on income, to income of any tax year beginning on or after the 1st January 2012.

In consequence of the above the existing DTT, signed between Cyprus and Germany on 9th May 1974, ceased to be effective as from 1st January 2012, the date on which the new Agreement enters into force.

Source: www.mof.gov.cy

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