Cyprus

India-Cyprus tax treaty renegotiated: key provisions

December 12, 2016

Mansi Seth, head of Nishith Desai Associates’ US practice, and Ashish Sodhani, a senior member of the firm's international tax practice, discuss the renegotiated India-Cyprus tax treaty, which provides for source-based taxation of capital gains arising from alienation of shares . . .

EU Commission to investigate tax ruling practices of all EU states

December 17, 2014

The European Commission has enlarged its state aid investigation into private tax ruling practices to cover all 28 European Union states. "The Commission will ask Member States to provide information about their tax ruling practice, in particular to confirm whether they provide tax rulings, and, if they do, to request a list of all companies that have received a tax ruling from 2010 to 2013," the Commission said December 17 in a press release . . .

Switzerland and Cyprus sign tax treaty

July 25, 2014

Switzerland and Cyprus, on July 25, signed an agreement for the avoidance of double taxation with respect to taxes on income and on capital. It is the first tax treaty to be signed between the countries. The agreement includes a provision for the exchange of tax information on request. Release