Syllouris hopeful that Australia will start negotiations with Cyprus on Double Taxation Avoidance

House of Representatives President Demetris Syllouris has said that he is hopeful that Australia will decide to start negotiations with Cyprus soon on the important matter of the avoidance of double taxation.

Addressing on Monday a Business Forum in Melbrourne, during his visit to Australia, Syllouris said that despite the great geographical distance between Cyprus and Australia, investments can flourish more rapidly, through an Agreement for the Avoidance of Double Taxation.

Syllouris expressed his appreciation for the opportunity to address the event while on an official visit to Australia, joining business people from Australia including of Cypriot descent, representing a variety of sectors of the economy.

Source: Cyprus News Agency