Cyprus Spain DTA

Cyprus Spain Double Tax Agreement

The double tax agreement between Cyprus and Spain which was signed on 14 February 2013 entered into force on 28 May 2014. The Cyprus government has said that it will allow the agreement to be effective from 1 January 2014.

Before 2009 Cyprus was included in the Spanish authorities’ black list of tax havens, even though Cyprus complied with all the relevant information exchange requirements. The restrictions were removed and negotiations led to the signing of the agreement.

The agreement will lead to a strengthening of the trade and investment relations between the two countries.

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