Cyprus has signed and ratified Double Tax Treaties (DTT) with more than 65 countries. The DTT are based on the OECD Model Tax Convention for the Avoidance of Double Taxation.
The existence of an extensive and increasing network of DTT is an important factor that contributed to the promotion of Cyprus as a tax efficient jurisdiction. The DTT are very useful, legal, tax-planning instruments which protect legal persons and individuals against the double taxation of income earned in other countries. As a result, international businesses operate with stability and minimise uncertainty.