A file photo of President El-Sisi with his Cypriot counterpart Anastasiades in Nicosia on November 20, 2017. (Photo : Egyptian Presidency)
The treaty eliminates double taxation on income taxes and prevention of tax evasion between Egypt and Cyprus.
The Egyptian parliament approved the treaty in July 2020.
Cyprus already entered over 45 double taxation treaties with various countries.
Egypt also has several double taxation treaties with other countries.