On the 24th of May 2016 the Republic of Cyprus and Latvia signed the Agreement on the Avoidance of Double Taxation with respect to Taxes on Income.
This agreement is expected to contribute to the further development of trade and economic relations between the two states.
The Agreement is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital and it aims to increase and attract foreign investment and to promote Cyprus as an international business center.
