Double Tax Treaties in Cyprus.

[mneilson]

What is double tax treaty? Is there any double tax treaty of Cyprus with Russia? How is it helpful for offshore companies?

 

[richardm1964]

Tax treaty may be defined as bilateral agreement between two foreign countries to prevent double taxation on goods and services, The taxes levied twice on the same income, profit, capital gain, inheritance or other item can be called as double taxation. In some countries they are also known as double taxation agreements, double tax treaties.