Cyprus has an extensive and increasing network of Double Taxation Treaties with countries across the globe. In the case where tax is paid in the treaty partner’s country, this is credited against the tax payable in Cyprus for the same income.

The official Double Tax Agreements concluded and their respective date of enforcement between Cyprus and other countries worldwide can be found on the official website of the Ministry of Finance.

Please click on below link to access the rates of withholding tax deducted from income, with countries that have signed a double taxation treaty with Cyprus.

Double Tax Treaties Rates

Notes

• No tax is withheld for payment of dividends and interest to non-residents in Cyprus.
• No tax is withheld when the royalty is paid for use outside Cyprus.

The above should be used as a source of general information only. It is not intended to give a definitive statement of the Law and is subject to the Disclaimer.

For further details on these issues, please do not hesitate to contact us.