Executive summaryCyprus’ Double Tax Treaty network has been further expanded with two new tax treaties between Cyprus and Andorra and the Kingdom of Saudi Arabia, respectively. In addition, a Protocol amending the existing treaty with Ukraine is also effective.This Alert summarizes the key provisions of the new treaties and amending Protocol which are in effect as of 1 January 2020.Detailed discussionTreaty with AndorraThe Treaty provides for 0% withholding tax on dividends, interest and royalties if the beneficial owner of the income is a resident of the other country.In general, capital gains are taxable only in the Contracting State in which the alienator...