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Cyprus-Switzerland amend taxation treaty in trade boost
July 23, 2020
Cyprus and Switzerland on Monday signed a protocol amending the Treaty for the avoidance of double taxation in a move both sides said will boost their trade ties while attracting investment.
The Protocol signed by Finance Minister Constantinos Petrides and Swiss Ambassador Pierre-Yves Fux introduces the minimum standards of the OECD’s Base Erosion and Profit Shifting (BEPs) as well as provisions concerning benefit entitlement.