The new income tax treaty between Cyprus and Egypt entered into force on 31 July 2020. The treaty, signed 8 October 2019, replaces the 1993 tax treaty between the two countries.
Taxes Covered
The treaty covers Cyprus income tax, corporate income tax, the special contribution for the Defense of the Republic, and capital gains tax. It covers Egyptian tax on income of individuals, tax on profits of legal entities, and tax withheld at source.
Service PE
The treaty includes the provision tha…