Cyprus/Bahrain DTA enters into force

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Source: Andreas Neocleous & Co LLC via the International Law Office

The Cyprus Tax Department announced that its double tax agreement with Bahrain entered into force on April 28 2016, following the completion of ratification procedures in both countries.

Its provisions will have effect for the tax years beginning on or after 1st January 2017 and for taxes withheld at source on or after that date.

The agreement’s main provisions are summarised here.

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