Cookies

We use cookies to customise content for your subscription and for analytics.
If you continue to browse the International Law Office website, we will assume you are happy to receive all of our cookies. For further information please read our Cookie Policy.

Your Subscription

We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.





Login




Login
  • Home
  • About
  • Updates
  • Awards
  • Contact
  • Directory
  • OnDemand
  • Partners
  • Testimonials
Forward Share Print
Elias Neocleous & Co LLC

New double taxation agreement between Cyprus and Spain enters into force

Newsletters

13 June 2014

Corporate Tax Cyprus

The Spanish government has announced that the double tax agreement between Cyprus and Spain, which was signed on February 14 2013, entered into force on May 28 2014, on expiration of the three-month period from the date of receipt of the last notification referred to in Article 27, Paragraph 1 of the agreement. The Cypriot tax authorities have indicated that they will allow the benefits included in the new agreement with effect from January 1 2014.

For several years up to 2009, Cyprus-resident companies were ineligible for certain Spanish tax benefits and exemptions on account of Cyprus's inclusion in the Spanish authorities' 'black list' of tax havens, despite complying with all relevant information exchange requirements.

In 2009 the Spanish authorities removed the restrictions and progress in the negotiations regarding the double tax agreement resumed. The entry into force of the agreement finally normalises tax relations between the two countries and has already led to a significant expansion of economic ties and reciprocal investment between them.

For further information on this topic please contact Philippos Aristotelous or Stavros Supashis at Andreas Neocleous & Co LLC by telephone (+357 25 110 000), fax (+357 25 110 001) or email (aristotelous@neocleous.com or stavros.supashis@neocleous.com). The Andreas Neocleous & Co LLC website can be accessed at www.neocleous.com.

The materials contained on this website are for general information purposes only and are subject to the disclaimer.

ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.

Forward Share Print

Authors

Philippos Aristotelous

Philippos Aristotelous

Stavros Supashis

Stavros Supashis

Register now for your free newsletter

View recent newsletter

More from this firm

  • Reference rates for notional interest deduction for 2019
  • New Cyprus-Saudi Arabia double tax agreement enters into force
  • Time extension for financial institutions to submit 2017 corporate tax returns
  • New tax exemptions and allowances for film and audiovisual production industry
  • Amendments to Cyprus-San Marino double tax treaty enter into force

More articles

  • Home
  • About
  • Updates
  • Awards
  • Contact
  • My account
  • Directory
  • OnDemand
  • Partners
  • Testimonials
  • Disclaimer
  • Privacy policy
  • GDPR Compliance
  • Terms
  • Cookie policy
  • Follow on Twitter
Online Media Partners
Inter-Pacific Bar Association (IPBA) International Bar Association (IBA) European Company Lawyers Association (ECLA) Association of Corporate Counsel (ACC) American Bar Association Section of International Law (ABA)

© 1997-2019 Globe Business Media Group

You need to be logged in to make a comment. Log in here.
Many thanks. Your comment has been sent.

Your details



Your comment or question *