Latvia-Cyprus Double Tax Treaty

 
NICOSIA, Cyprus - March 20, 2014 - PRLog -- In February 2014 Latvia presented a draft agreement for the avoidance of double taxation and the prevention of fiscal evasion on income taxes to the Cypriot Ministry of Finance.

The objective of the double tax treaty is to boost trade and aid foreign investment from both countries.

The draft agreement presented includes arrangements for the exchange of information based on the Organisation for Economic Cooperation and Development (OECD) model.

Prior to signing the agreement with the Cyprus Government, the draft must first be approved by the Latvian Cabinet of Ministers.

After the Cyprus Government signs the agreement, the treaty will be required to be approved by the Council of Ministers.

Our team of highly experienced professionals are able to advise you on investment funds, tailored to your specific business and personal circumstances. Please contact Ms. Stella C. Koukounis at s.koukounis@sklawcyprus.com or Mr. Charles Savva on c.savva@savvacyprus.com  to discuss how we can be of assistance to you.

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Charles Savva
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info@savvacyprus.com
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Tags:Latvia, Cyprus, Double Tax, Tax
Industry:Finance
Location:Nicosia - Nicosia - Cyprus
Subject:Reports
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