Economy · Cyprus

Cyprus and Sweden sign new protocol on double taxation agreement

6 sourcesFirst reported 19 days agoUpdated 18 days ago

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Cyprus and Sweden signed a new protocol on July 3, 2026, in Nicosia to amend their Double Taxation Convention on income taxes.
The updated protocol aligns the treaty with OECD international tax standards.
The agreement aims to enhance cooperation on tax transparency and the exchange of information between the two countries.
The protocol was signed by Makis Keravnos, the Minister of Finance for Cyprus, and Martin Hagström, representing Sweden.
This modification updates a previous agreement established in London on October 25, 1988.

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On July 3, 2026, Cyprus and Sweden signed a new protocol in Nicosia aimed at amending their existing Double Taxation Convention regarding income taxes. The signing was conducted by Makis Keravnos, Cyprus’s Minister of Finance, and Martin Hagström, Sweden’s Ambassador to Cyprus. This updated protocol is intended to align the tax treaty with the latest OECD international tax standards.

The revised agreement enhances cooperation between the two countries in areas related to tax transparency and information exchange. It also modifies the original treaty that was initially signed in London on October 25, 1988. Details on the specific provisions of the new protocol were highlighted in announcements from the Cypriot Ministry of Finance, emphasizing its role in reducing double taxation for individuals and entities engaged in cross-border activities between Cyprus and Sweden.

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Cyprus and Sweden sign new protocol on double taxation agreement

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