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Cyprus And Australia To Start Negotiations On Double Tax Treaty
November 17, 2022
The Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation for Taxes on Income and the Prevention of Tax Evasion and Avoidance.
The intention of the Australian authorities, which was announced on November 16, 2022, by Dr. Andrew Leigh, Assistant Minister for Competition, Charities and Treasury, is the result of the longstanding efforts on the part of Cyprus authorities to initiate such negotiations, the Ministry said in a press release, on Wednesday, adding negotiations are scheduled to begin within 2024.