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Entry into force of the double tax agreement between Cyprus and Bahrain

The Cyprus Tax Department announced that the double tax agreement with Bahrain, which was signed on 9 March 2015, entered into force on 28 April 2016 following completion of ratification procedures in both countries. Its provisions will have effect for tax years beginning on or after 1 January 2017 and for taxes withheld at source on or after that date.