According to a recent update published by the Norwegian Ministry of Finance, the new income tax treaty between Norway and Cyprus entered into force on 8 July 2014. The treaty, signed 24 February 2014, will replace the 1951 treaty between the two countries as extended by the 1955 exchange of notes.
Taxes Covered
The treaty applies to the following Norwegian taxes:
- National tax on income
- Municipal tax on income
- County municipal tax on income
- National tax relating to income from the explora…