The new double taxation agreement between Cyprus and Luxembourg, which was signed on 8 May 2017, has now been ratified by both countries. It will be applicable to taxes withheld at source on income arising after 1 January 2019 and other taxes chargeable for any taxable year beginning on or after that date.
For further information on this matter please contact Elena Christodoulou or your usual contact at Elias Neocleous & Co LLC.