INTERNATIONAL TAX: Cyprus and Netherlands seal double taxation deal.

As published on knews.kathimerini.com.cy, Friday 19 May, 2023.

Cyprus' Minister of Finance, Makis Keravnos, expressed his satisfaction for the conclusion of negotiations on a double taxation avoidance agreement with the Netherlands in a meeting Thursday with the Ambassador of the Netherlands in Cyprus, Elke Merks-Schaapveld, according to a press release by the Ministry of Finance.

During the meeting, Minister Keravnos provided an overview of the Cypriot economy and the Government's development plan. He emphasized the commitment of the new Government to implement a strict fiscal discipline and ensure financial stability. He highlighted the importance of close cooperation, coordination, and exchange of views at a European level in the current economic climate.

The Ambassador of the Netherlands expressed contentment with the completion of the internal procedures of the Dutch authorities, clearing the path for the Double Taxation Agreement between Cyprus and the Netherlands to come into effect on June 30, 2023. Additionally, the Ambassador assured Minister Keravnos of the Netherlands' readiness to continue and enhance economic cooperation between the two countries, both within the European Union and bilaterally.

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