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Cyprus and Bahrain signed a new double tax treaty

Christos Paraskevas2019-04-29T23:21:55+01:00On 9 March 2015 Cyprus and Bahrain signed a new double taxation agreement which it closely follows the 2010 OECD Model Tax Convention. The agreement applies to taxes on income imposed by either country. It is expected that the new agreement shall boost trade and investment flows between the two countries.

Interest from judgments issued by Cyprus Courts set at 4%

Christos Paraskevas2019-04-29T23:21:00+01:00The Minister of Finance of Cyprus has issued a ministerial decree, which sets the interest percentage which applies on judgments issued by Cyprus Courts at 4%. The decree has been published in the Cyprus Gazette on 23 December 2014 and has come into effect on 1 January 2015. The new 4% rate supersedes the previously applicable rate of 5,5%, which applied since 2008.