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    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

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  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

  • 26 May 2020 The elite are snapping up pandemic passports so they can escape to safer countries

    Millionaires are looking to escape to a safe country with good medical... read more

  • 14 May 2020 CASINO RESORT Construction work resumes

    Construction work on the City of Dreams Mediterranean casino will resume on... read more

  • 11 May 2020 KEVE All the details of the business and employee support measures

    To deal with the effects of the crisis on the coronaire after their approval... read more

  • 13 March 2020 THE RECONSTRUCTION PLAN OF THE LARNACA MARINA

    The Larnaca Port & Marina Master Plan will become a great resource for the... read more

Announcement of the Ministry of Finance Cyprus Agreement Russia on double taxation

   

The Treasury announces that agreement has been reached between the Russian and Cypriot authorities to suspend application of the Protocol amending Article 13 of the Agreement between the Republic of Cyprus and the Russian Federation for the Avoidance of Double Taxation with respect to taxes on income and on capital, signed on 7/10/2010. 

The announcement of the Ministry also states that the preparation of a supplementary protocol promoted through which the revised provisions of Article 13 of the above Agreement will be suspended until the introduction of uniform provisions in other bilateral agreements on the Avoidance of Double Taxation with other European countries. 

Satisfied the Cyprus-Russian Business Association 

O Cyprus-Russian Business Association welcomes the announcement of the Ministry of Finance regarding the suspension of the Protocol application amending Article 13 "Capital Gains" of the Agreement between the Republic of Cyprus and the Russian Federation for the Avoidance of Double taxation with respect to taxes on income and on capital. 

Based on a press release, the President of Cyprus-Russian Business Association, Eugene Chr. Eugene welcomed the agreement between the Russian and Cypriot Authorities, which confirms the longstanding ties between the two countries, and the preservation of Cyprus as a competitive Business Center. 

He added that the Cyprus-Russian Business Association has made significant efforts to resolve the issue. 

"We would like to link to warmly thank the President of the Republic, the Minister of Finance, Foreign Minister, Government Spokesman, our Ambassador in Russia, the Russian Ambassador to Cyprus and the Special Presidential Envoy of the Republic of Russia Sotos Zakheos for their relentless effort to reach this agreement, "the statement concludes. 

Source: philenews / CNA

http://www.philenews.com/el-gr/oikonomia-kypros/146/346201/symfonia-kyprou--rosias-gia-ti-dipli-forologia