Australia to start negotiations with Cyprus for Double Taxation Agreement

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The Australian Government intends to start negotiations with Cyprus for a Double Taxation Agreement after June 2024.

According to a Facebook post, the Australian High Commissioner to Cyprus Fiona McKergow delivered a letter from Australia’s Assistant Minister for Competition, Charities and Treasury Dr Andrew Leigh to Cypriot Finance Minister Constantinos Petrides confirming the Australian Government’s intention to negotiate a Double Taxation Agreement with Cyprus.

“We look forward to the negotiations commencing after June 2024,” the post reads.

This news comes as Greece’s Finance Minister, Christos Staikouras, confirmed in October that the nation will also strive to expand its network of Double Taxation Avoidance Agreements (DTAA) with Australia.

Australia and Greece held their first round of negotiations for a double taxation agreement in February this year.

At the time, the Australian Embassy in Greece said “the Double Taxation Agreement, once concluded, will be another important marker of the thriving bilateral relationship” between Greece and Australia.

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