Cyprus and Switzerland signed protocol amending the double taxation treaty

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Cyprus and Switzerland on Monday signed a protocol amending the Treaty for the avoidance of double taxation, with the two sides stating that the amended treaty will boost their economic ties. The Protocol signed by the Minister of Finance Constantinos Petrides on behalf of Cyprus and Ambassador Pierre-Yves Fux on behalf of Switzerland, introduces, among others, the minimum standards of the OECD’s bare erosion and profit shifting as well as provisions concerning the benefit entitlement. Speaking to the press after the signing …

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