Cyprus and Sweden Amend Double Taxation Agreement

July 3, 2026

Cyprus and Sweden have signed a protocol to update their Convention for the Avoidance of Double Taxation, originally established in 1988. This amendment incorporates minimum standards from the OECD's Base Erosion and Profit Shifting (BEPS) initiatives, alongside other mutually agreed modifications. The protocol addresses challenges Sweden faced in implementing the Multilateral Agreement (MLI), offering a direct bilateral approach to integrate BEPS provisions.