News Local Crucial Cyprus-Russia double tax treaty talks set for August 10

Crucial Cyprus-Russia double tax treaty talks set for August 10

Crucial negotiations on the avoidance of double taxation between Cyprus and Russia are scheduled for August 10 and 11, and will be headed by Minister of Finance Constantinos Petrides.

This is what the Ministry of Finance said in a press release late on Monday.

Cyprus seeks to continue dialogue and reach an agreement on the crucial agreement, insiders told CNA.

“Officially we did not agree on a deadlock”, the sources pointed out, adding that Cyprus was exhausting all possibilities to reach an agreement through diplomatic and political contacts, but there is still no result.

The same sources stated that the contacts are continuing and that the Cypriot side is seeking a meeting on the issue.

“Cyprus now expects from Russia. We have put forward some positions and we seek to continue our communications and reach an agreement since we did not officially agree on a deadlock”, the sources of the Ministry added.

Russian Ministry of Finance announced Monday that it will initiate denunciation of the double tax agreement with Cyprus from August 3, saying that Cyprus’ proposals on amendments to tax laws are unfeasible.

The Russian Finance Ministry held negotiations with the Cyprus’ Ministry of Finance on amendments to the Russian-Cypriot double taxation agreement in respect of increasing the withholding tax to 15% for dividends and interest payments.

Top Stories

Happening now: Man entered café in Larnaca wielding knife

An attempted robbery in the center of Larnaca is currently underway. According to initial information, a man wielding a knife entered a well-known café-restaurant on...

European bee-eaters, other protected species illegally killed in Meneou

Images of dead protected species in Meneou area, Larnaca, were published on Facebook by BirdLife Cyprus and have caused anger and disgust, Philenews reported...

Death of 76-year-old bather in Larnaca sparks lifeguards’ protest

A 76-year-old man drowned early on Tuesday at Makenzie beach in Larnaca and lifeguards have called again for safety measures to be taken. “This sad...

Larnaca Municipality appeal for immediate cat sterilisation

Larnaca Municipality on Tuesday appealed to cat owners to neuter their pets immediately so that the population of strays and free-roaming ones across the...

Warning over high concentration of dust in the air

High concentration of dust is in the air on Tuesday, according to measurements from ground Stations of the Air Quality Monitoring Network operated by...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...