Cyprus and Switzerland signed an Income and Capital Tax Treaty on 25 July 2014.
It is the first agreement of this kind to be signed between the two countries and is expected to contribute to the positive development of bilateral economic relations.
The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the calendar year next following that in which the agreement enters into force.
In accordance with the treaty, the following withholding taxes will apply:
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