Cypriot Minister of Finance Harris Georgiades and British High Commissioner to Cyprus Stephen Lillie, signed Wednesday, a protocol amending the Convention for the Elimination of Double Taxation between the two countries, concerning pensions, CNA reports.
The signed Protocol introduces grandfathering period for the calendar years ending on or before 31 December 2024 so that people whose pension was subject to tax in Cyprus under the provisions of Article 19 (1) of the Convention of 1974, may make an election that the provisions of that Article shall continue to apply for calendar years ending on or before 31 December 2024 to be taxed under the Convention of 1974 and exempted from the provisions of Article 18 (2) of the 2018 Convention.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
