Cyprus, Luxembourg finally sign double taxation argeement

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By Stelios Orphanides

Cyprus and Luxembourg signed on Monday a double tax avoidance and prevention of tax evasion treaty, based on the model convention of the Organisation for Economic Cooperation and Development, the finance ministry said.

Finance minister Harris Georgiades and his Luxembourgian peer Pierre Gramegna signed the agreement, which aims at helping the two EU members strengthen bilateral ties, the ministry said in an emailed statement on Monday.

Luxembourg was one of the few countries with which Cyprus had no double taxation agreement in place.

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Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]

  • Monica

    Luxembourg ?
    Cyprus ?
    ‘Tax evasion treaty’ ! ???
    Oh dear !!!!

    • Neroli

      Both as bad as the other especially when Juncker was Prime Minister!

      • Monica

        Neroli … That is what I was referring to.

      • Barry White

        Brandy and Johnnie Walker Black do not mix.