articles | 25 May 2016

Cyprus and Latvia sign double tax treaty

Cyprus and the Government of the Republic of Latvia recently signed in Brussels the Treaty for the Avoidance of Double Taxation on Income.

The Treaty was signed by the Minister of Finance, Harris Georgiades, on behalf of the Republic of Cyprus, and the Minister of Economics, Dana Reizniece-Ozola, on behalf of the Republic of Latvia.

The Treaty, an official statement said, “will contribute to the further development of the trade and economic relations between the Republic of Cyprus and the Republic of Latvia, as well as with other countries”.

The update, maintenance and extension of the existing network of Treaties for the Avoidance of Double Taxation, which are of great economic and political importance, aim at further enhancing and attracting foreign investments and promoting Cyprus as an international business centre, it added.

The Treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.

Source: Famagusta Gazette

Cooperation Partners
  • Logo for Association of Cyprus Banks
  • Logo for Invest Cyprus
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus International Businesses Association
  • Logo for CFA Cyprus
  • Logo for Cyprus In Your Heart
  • Logo for Ministry of Energy, Commerce, Industry and Tourism