Article 27 of the new double tax agreement between Spain and Cyprus provides that the agreement will enter into force three months after the exchange of official notifications between the governments concerned stating that all ratification procedures have been completed.
Notifications were exchanged in March 2014, which means that the new agreement should enter into force during June 2014. The Cyprus tax authorities have indicated that they will apply the benefits included in the new agreement with effect from January 1 2014 (for further details on the agreement please see "Further step towards ratification of Cyprus-Spain double tax agreement" and "New double tax agreements take effect").
Originally published by International Law Office.
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