The Republic of Cyprus and France are set to sign a significant agreement on Monday in Nicosia, in an effort to eradicate double taxation concerns and bolster measures against tax avoidance.

According to a statement from the Ministry of Finance released on Friday, the agreement will be signed on behalf of Cyprus by Finance Minister Makis Keravnos and on behalf of the French government by Cyprus Ambassador Salina Grenet-Catalano.

The signing ceremony is scheduled to take place at 12:15 pm in the Minister of Finance’s conference room, followed by statements from the involved representatives.

This accord signifies a crucial step in fostering economic collaboration between the two nations while ensuring a more transparent and equitable tax system for individuals and businesses operating between Cyprus and France.