The Double Taxation Relief (Cyprus) Order 2019

• Citation: S.I. 2019/1113
• Sections: 3

Section 1 Citation

This Order may be cited as the Double Taxation Relief (Cyprus) Order 2019.

Section 2 Double taxation arrangements to have effect

It is declared that—

(a) the arrangements specified in the Protocol set out in the Schedule to this Order, which vary the arrangements set out in the Schedule to the Double Taxation Relief and International Tax Enforcement (Cyprus) Order 2018 , have been made with the Government of the Republic of Cyprus;

(b) the arrangements have been made with a view to affording relief from double taxation in relation to income tax and taxes of a similar character imposed by the laws of the Republic of Cyprus; and

(c) it is expedient that the arrangements should have effect.

Section 5

Notwithstanding the entry into force of the Convention signed 22 March 2018, where an individual was entitled to the benefits of paragraph 1 of Article 19 (Pensions) of the prior Convention signed 20 June 1974, as amended on 2 April 1980, at the time of entry into force of this Convention, that individual may make an election that the provisions of that Article, and not the provisions of paragraph 2 of Article 18 of this Convention, shall continue to apply for calendar years ending on or before 31 December 2024. Unless revoked by the individual, that election shall have effect for the calendar year in which it is made and for subsequent years ending on or before 31 December 2024. Elections and revocations under this Article should be made in writing to the Competent Authority of the Contracting State from which the pension or similar remuneration is paid. The Contracting State that receives the election shall notify the other State. Where an election has been revoked, no further election under this paragraph may be made.