Cyprus-Austria updated the Double Tax Treaty

On the 21st of May 2012 the Cypriot Minister of Foreign Affairs, Erato Kozakou Markoulli and the Austrian Minister of Finance, Andreas Schieder, signed a Protocol amending the existing Convention for the Avoidance of Double Taxation in respect with the income and capital taxation, which was signed in Vienna on the 20th of March 1990.

The new Treaty was updated in order to be aligned with the new Organisation for Economic Cooperation and Development (OECD) standard.

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