Cyprus has extended its network of double taxation treaties by signing a new agreement with Jersey. The treaty was signed in London on 11 July 2016 and it is based on the Organisation for Economic Co-operation and Development’s Model Convention for the Avoidance of Double Taxation on Income and on Capital. The text of the agreement has not been published yet. The treaty must be formally ratified by both countries before it enters into force, and will have effect from the beginning of the year following its entry into force.
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