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ΕΠΙΣΗΜΟΣ ΕΦΗΜΕΡΙΣ
ΤΗΣ ΚΥΠΡΙΑΙ<ΗΣ ΔΗΜΟΙ<ΡΑΤΙΑΣ
"Αριθμός
1782
Παρασκευη
4
Ίουνίου
1982
521
·Αριθμός
1154
PROTOOOL AMENDl'NG
ΤΗΕ OONVιENTION
BETWEEN
CY'PRιUS ANίD
ITALY
roR
ΤΗΕ
AVOIDANCE OF DOUBLE
ΤΑΧΑΤΙΟΝ
'AND
ΤΗΕ
,PREVENTION
OF FISOAL
,Eν~IONW1IΊ1H RESRFJCΊ' ΤΟ
TAXES
ΟΝ
INCOME,
WITH
I~ROTOCOL,
SIGNED
ΑΤ
NLCOSIA
ΟΝ 24ΤΗ
APRIL, 1974.
,'J.1he Government
οί
Oyp'rus and the Government
οί
the
ReιΡUJωιί~ οί
Italy,
desiring to conclude a Protocol to amend the Convention betwoon thre Contracting
States for the
aνoidance οί
double t'axa:tion ,and th'e prevention
σί
fiscal
evasίΌη \νί
th
res,poot
to
taxes
οη
inco;me, with Protocol, signed a,t Nicosia
ση
24t'h
ΑιΡΓί1,
1974
hereinιaf1ter
referred to as "the
Cοnννnιtίοη")
;
have agreedas foUows :
Article
1-
Paragraph
3
οί
Article 2
οί
the Conven–
tίon
sh'all be deleted and replaced b)' the
foHQwing:
" (1) The taxes which are the subject
οί
t-his Conven1bion a're:
(a)
Ιη
Cyprus
the income
ιtax
( ,hereinaίter
referred to ars "Cyprus
tax ") ;
(b)
ίn
ItaIly:
(ί)
the personal income tax
(imρosta
sul reddiIto delle
persone fisiche) ;
Oi)the corpora'te income tax
(/impost'a sul re(1dito d'elle
persone giuridiche)
eVJen
ίί
they a'fe coHected by with–
:ho1<Hng
taxeιs
at the source, (h'eTe–
'inafter
refeιrred
to as "ItaliIan
Tax ") ".
A:rticle 2
Paragrarph 2
οί
Article 23
οί
the Conven–
Ηοη
shall be de1e,ted and r,e.pl'aoe,d by the
foHowing :/
." (2) Where a resi,dent
οί
IItaUy owns
IΪ,teιmls οί
inco:m'e th'a't are t'axa:ble
ίη
Cyprus,
Iιtaly
mIay,
~ίn
derterm;ining
iιt'S inιcome
taxes
p,rov.id!eιd
f'Or
ίn
Ar,tJicl,e 2
οί
this
Όοη
IV1enti'On, includ,e
ίη
the basris
υροη
which
,s.uch taxes are impos:ed the
menιtioned
iιtemIs
of
incom'e, unles-s 'ex,pTelSIS provi!s'iOnS
οί itιhis Οοπνθη1:ιί'Οη
othwwiig.e pJ:!ovide.
Ιη
tha;t cas'e, Italy sh'all
d'(~dHct
from
,the taxes
sσ
calculartJeid th'e income tax
paid
ίη .
CypTUΙS,
bnt
the 'a,m'Ount
οί
de–
'duction sh'a ' 11 not
exc,eeιd tιhiaιt
/pmpwtIion
οί
Iιta'1tan
tJax w'hIich thIe
iιtemIs οί
inrome
bear t'O the enHre incO'me.
Howev,er,
nο
deduation wiH be gran,bed
ίί
th'e item
οί
income is s.UJbjected
ίιn Iιtaly
'tσa
final with Ih01ding t'ax by re'queSlt
οί
the recipient
οί
the sa'ird income
ίη
ac–
cordance \vi1:h the Itali,an la,ws" .
ArHcle
3
The
la'sιt
sentence
οί p'aragl~ap'h
3
οί
Artic1e
25 shial1 be dele Ited.
ArHcJ.e
4
After Article 27
οί
the Convention s,hall
be added the Artj:cle 27 bis that reads as
follows :
" 1. Taxes wi,th,held art SOU'I'C;e
ίη
a
OontI'1aeιting
S-taite will be
re,funιded
by
requerst
οί
the taX:p'ayer 01'
οί
t/h;e Stat€
ιof
whioh h'e
i,s
Ia res,j\den,t
ίί
t'h:e right to
cσΙ.1ect
the s.aid taxe\s is affec:ted by the
provlIsions
οί
the
Conventιion.
2. Clai,ms
fιor
refund, that shall be pro–
duc'ed wil1:Jhin the time llmit fixed by the
l'aw
σί
:the Contracting Stat:e which is
obHged t'O ca'fry out the
re~und,
shall be
accomp'ani'e,dby 'an offici,al certificate
οί tιhe
Cont'racting Sta,te
οί
whi,ch th'e tax–
payer j:s a r'esI'dent certifying
tιh'e
exis,tence
σί
thIe condHi.ons requrjTed for being en–
tiltι1e,d
to th,e
a'ppHcatιion οί
the aHowances
provi'd'e'd fior by the
OonνeιnΙΙιίoη.
,3. 'Dhe
c.ompet/enιt
:author'itties
οί
the
Οοη
Itracting
Staι Ιes
shaH by mutu'al ag·reement
Is'ett1e the modle
οι a!pp1ioatiσn
of this
;AIίti.cle, ίn
a,ccO'fidJance wi,th tth'e provisions
lof ArHlOle 25
οί
theConvenJtion.
~hese
cιoImpetenIt
aut hor,i<tie's m,ay a,lso, by mu–
itU'al a:g·re,erment, ca'rry out
σ1:ιher
practic'es
ιίστ
thIe aHowanoe
οί
t-h'e roouctIioDS
ίοτ
ιt'axa'Hoιn pιurpιo:s'es
provijrde'd for
ίη
t he
Conv.ent ion.