On 25 July 2014, Cyprus signed and ratified an Agreement for the avoidance of double taxation with the Swiss Confederation, with respect to Taxes on Income and on Capital, as well as the relevant Protocol.

The Agreement will contribute to the further development of trade and economic relations between Cyprus and the Swiss Confederation, as well as other countries. It is based on the Model Convention for the Avoidance of Double Taxation of the OECD (OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital).

 

The updating, maintenance and expansion of the existing network of Double taxation agreements, which is of high economic and political importance, aims at further strengthening and attracting foreign investment and at promoting Cyprus as an international business center.