Double Taxation Avoidance Agreement Between India And Cyprus

The attached Agreement between the Government of the Republic of India and the Government of the Republic of Cyprus for the avoidance of double taxation on income entered into force on 21.12.1994, after the two States Parties have complied with the procedures necessary under their legislation for the application of the said Convention, in accordance with Article 30(1) of that Convention; The new treaty provides for an exchange of information by incorporating Article 26 of the OECD Model Treaty into the treaty and helping both countries to collect taxes. The new DBAA between Cyprus and India also provides an exceptional framework for using Cypriot companies as a gateway to EU markets. .