Entry into force of tax treaty triggers staggered withholding and income tax applicability and terminates prior treaty. The Agreement takes effect upon reciprocal written notifications through diplomatic channels, with temporal application staggered by jurisdiction: in ... Summary
Entry into force of tax treaty triggers staggered withholding and income tax applicability and terminates prior treaty.
The Agreement takes effect upon reciprocal written notifications through diplomatic channels, with temporal application staggered by jurisdiction: in India withholding taxes apply from the first April of the fiscal year following entry into force and income taxes for fiscal years beginning on or after that April; in Cyprus withholding taxes apply from the first January of the calendar year following entry into force and other taxes for years of assessment beginning on or after that January. The 1994 double taxation agreement is terminated on the new Agreement's effective date.
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