Cyprus signs Double Tax Treaty with Curaçao

12:37 - 24 April 2025

Economy Reporter

The Republic of Cyprus and the Kingdom of the Netherlands have signed a Convention for the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance, and its protocol, in respect of Curaçao.

The Convention was signed in Washington on 23 April. On behalf of Cyprus, the Convention was signed by Ambassador in the United States, Evangelos Savva and, on behalf of Curaçao, by Minister of Finance, Javier Silvania.

According to a 24 April Finance Ministry press release, the Convention provides tax certainty and security to companies, organisations and individuals on the fiscal treatment of their income and capital gains to existing and new investors. The agreement is based on the OECD Model Tax Convention on Income (2017 Model) and incorporates all the minimum standards of the Base Erosion Profit Shifting (BEPS) project, as issued by the OECD /G20.

"Expanding, maintaining and updating the network of double tax agreements, by signing one more significant convention, is of the utmost economic and political importance for the government since updating this important agreement for Cyprus is expected to further contribute in strengthening and promoting our country as n international business centre," the Ministry notes.

(Source: CNA)

Cyprus signs Double Tax Treaty with Curaçao

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