Double Tax Treaty between Cyprus – Andorra

May 18th 2018: A Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income was signed between the Republic of Cyprus and the Principality of Andorra.

The Convention is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital and it is in line the minimum standards of the Base Erosion Profit Shifting (BEPS) project. In addition, the Treaty based on the relevant Article of the Model Convention provides for the exchange of financial and other information.