The new income and capital tax treaty between Cyprus and the UK entered into force on 18 July 2018. The treaty, signed 22 March 2018, replaces the 1974 tax treaty between the two counties. 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 UK income tax, corporation tax, and capital gains tax. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty by mutual agreement. If no agreement...