Cyprus and Liechtenstein have successfully completed a double tax treaty aimed at eliminating double taxation on income and preventing tax evasion, the Finance Ministry has announced.
In a post on social media platform X (formerly Twitter), the ministry described the agreement as a milestone in strengthening bilateral cooperation between the two countries.
It added that the treaty would also reinforce legal certainty in taxation and facilitate cross-border business and investment opportunities.
The agreement is intended to prevent income from being taxed twice while supporting cooperation between the two jurisdictions in tackling tax evasion.
Kyriacos joined the Cyprus Mail in 2020. He moved to the paper’s business & finance section a year later, focusing on local firms, up-and-coming startups, broader economic matters, and technology.