CYPRUS AND GUERNSEY EXPAND THEIR COOPERATION

Cyprus and Guernsey have signed a double tax treaty (DTT) on July 15 in Cyprus and on July 29 in Guernsey, respectively.

As reported, the treaty is expected to come into force on January 1, 2015, following its ratification.

The treaty is expected to contribute to the further development of the relationship between Cyprus and Guernsey, with a strong focus on commercial and finance matters.