The Double Tax Agreement between Cyprus and Luxembourg has been signed, the first between the two countries. It will enter into force once it is ratified by Cyprus and Luxemburg.
The Income Tax Law was amended in October 2016, in line with the “modified nexus” approach to the taxation of intellectual property assets. Transitional arrangements were put in place for intellectual property developed prior to 30 June 2016 with new arrangements being applied for intellectual property developed from 1 July 2016, which follow the modified…
