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Double tax agreement between Cyprus and Latvia agreed
Double Tax Agreement • August 9th, 2016

On May 24 2016, after almost 10 years of negotiations, Cyprus and Latvia signed a new double tax agreement. Unlike many former members of the Soviet Union, Latvia did not adopt the 1982 Cyprus-USSR double tax agreement when it became independent and the new agreement is the first between the two countries. It closely follows the latest Organisation for Economic Cooperation and Development (OECD) Model Convention, but also includes provisions from the 2011 United Nations Model Double Taxation Convention Between Developed and Developing Countries.

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