Cyprus: Update on income tax treaty with the Netherlands
The treaty is anticipated to be effective from 1 January 2024.
The treaty is anticipated to be effective from 1 January 2024.
The Upper House of the Dutch Parliament on 18 April 2023 approved the income tax treaty between Cyprus and the Netherlands, which was signed on 1 June 2021.
The ratification process in the Netherlands will be finalised by the signature of the treaty by the king of the Netherlands. The ratification process in Cyprus was completed with the publication of the treaty in the Cyprus government gazette on 4 June 2021.
The ratification process will be finalised upon the exchange of notification letters. The treaty is anticipated to be effective from 1 January 2024.
Read an April 2023 report prepared by the KPMG member firm in Cyprus
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