Τhe Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income between the Republic of Cyprus and Barbados was signed on May 3rd, 2017 in London. On behalf of the Republic of Cyprus Mr. Euripides L. Evriviades, the High Commissioner of the Republic in the United Kingdom, signed the Treaty and on behalf of Barbados the Treaty was signed by Mr Guy Hewitt, the High Commissioner of Barbados in the United Kingdom.
The text agreed between the two juristictions will enhance the trade and economic relations, between Cyprus and Barbados as well as with other countries.
Upgrading and expanding the network of Double Taxation Agreements, is of high economic and political importance and aims to further strengthen Cyprus as an international business center.
The Convention is based on the OECD Model Tax Convention for the Avoidance of Double Taxation (OECD Model Convention for the Avoidance of Double Taxation on Income).
