New Double Tax Treaty between Cyprus and Germany.
On 18th of February 2011, Cyprus and Germany signed a new treaty for the avoidance of double taxation between the two parties.
The new treaty was signed by the Minister of Finance of Cyprus, Harilaos Stavrakis and by the German Ambassador in Cyprus, Gottfried Zeitz.
The purpose of the treaty is to enhance economic and commercial relations between the two countries. Harilaos Stavrakis stated that the Cyprus government is committed to continue efforts to maintain and further strengthen its position as an international financial centre.