The Convention between Thailand and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income was signed on 27^th October 1998 and the notes indicating that both Contracting States have completed necessary procedures were exchanged on 4^th April 2000.

          Under Article 28, the Convention shall apply in Thailand :

1.      in respect of taxes withheld at source, on amounts paid on or after 1^st January 2001;

2.      in respect of other taxes on income, for taxable years or accounting periods beginning on or after 1^st January 2001.