Estonia and Cyprus Signed Tax Treaties

Estonia and Cyprus Signed Tax Treaties

Recently Estonian Foreign Minister Urmas Paet and his Cyprian colleague Erato Kozakou-Marcoullis have signed an agreement for the avoidance of double taxation and an agreement for the prevention of fiscal evasion between Estonia and Cyprus.

The main goal of the agreement for the avoidance of double taxation is to encourage investments, ensure equal treatment of taxpayers, and abolish double taxation. To accomplish this goal, the DTA limits the income taxes that can be set by the party, which is the source of the income on the resident of another party.

The second agreement creates more opportunities to prevent tax offences.

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