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Cyprus expands treaty network as of 1 January 2022

10 January 2022

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Tax Alerts, Legislation & Policy, Na...

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Cyprus, Germany, Jordan, Switzerland

Executive summaryCyprus’ Double Tax Treaty network has been further expanded with a new tax treaty concluded with Jordan. The Treaty between Cyprus and Jordan was signed on 17 December 2021. Cyprus’ internal ratification process has been finalized. As such, the Treaty will enter into force upon its ratification by Jordan and once the two countries exchange ratification instruments.In addition, protocols for amending the existing tax treaties with Switzerland and Germany are also now effective.This Alert summarizes the key provisions of the new tax treaty and the amending protocols.Detailed discussionTreaty with JordanWithholding taxes on dividends, interest and royaltiesThe Treaty with Jordan...