Cyprus Double Tax Treaties
Cyprus has entered into numerous Double Tax Treaties agreements.The main purpose of Double Taxation Treaties is to avoid the International Double Taxation when the same profits of a legal person or of an individual are taxed in two or more countries. As a result of the Double Taxation Treaties International Businesses are traded with stability and certainty. This is also the main reason why the Treaties constitute an important tool for International Tax Planning and give important advantage to the countries which sign such Treaties.
Cyprus has completed over 55 Double Taxation Treaties up to today and is also in negotiations with many countries for signing Treaties with them.