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New Tax Treaty between Cyprus and India Signed

|Treaty Development|Cyprus-India
Cyprus-India

On 18 November 2016, officials from Cyprus and India signed a new income tax treaty that will replace the 1994 tax treaty between the two countries. According to a release from India's Ministry of Finance, the main differences between the old and new treaty include:

  • A change to source based taxation of capital gains arising from alienation of shares, instead of residence based taxation (grand…

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