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  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 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

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 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

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