Update - New Tax Treaty between Cyprus and Egypt

The new income tax treaty between Cyprus and Egypt was signed on 8 October 2019. Once in force and effective, the new treaty will replace the 1993 tax treaty between the two countries.

Taxes Covered

The treaty covers Cyprus income tax, corporate income tax, the special contribution for the Defense of the Republic, and capital gains tax. It covers Egyptian tax on income of individuals, tax on profits of legal entities, and tax withheld at source.

Service PE

The treaty includes the provis…