On 22 December 2023, Cyprus ratified the pending income tax treaty with France. The treaty was signed on 11 December 2023 and, once in force and effective, will replace the 1981 tax treaty between the two countries. Taxes Covered The treaty covers Cyprus income tax, corporate income tax, the special contribution for the defense of the Republic, and capital gains tax. It covers French income tax, corporation tax, contributions on corporation tax, and general social contributions and contributions for the repayment of the social debt. Natural Resource PE The treaty includes the provision that a permanent establishment will be deemed...