The Double Tax Treaty (DTT) between Kazakhstan and Cyprus was ratified on January 17th, 2020. The DTT Convention on income tax will enter into full force from 1st January 2021 and the main amendments of the Convention cover the taxation of dividends, interest, capital gains and royalties. These provisions aim to create unique opportunities for both countries’ businesses and entrepreneurs in the long-term.
Read full articleMoody’s anticipates the spike in Cyprus public debt will be transitory and will return to a sustained downward path after the coronavirus crisis wanes, Moody’s rating agency said in its report, noting however that it would consider upgrading Cyprus credit rating following reduction in banking sector risks.
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