Following our earlier article ‘Cyprus and India tax treaty negotiations finalised’, published in the S&A September issue of our newsletter, on Friday 18 November 2016, Cyprus and India finally signed the revised double tax treaty, as a result of the successful negotiations pertaining to the revised treaty.

As expected, the revised treaty will have retrospective effect, from 1st November 2013, once the ratification procedure in both countries is completed. It is also confirmed that Cyprus will also retrospectively be removed from the list of “Notified Jurisdictions”.