CYPRUS DOUBLE TAX TREATIES

 

 Paid from Cyprus

 

Dividends%(1)

Interest %

Royalties %

Non-treaty countries

20

20(2)

10(3)

 

 

 

 

Treaty countries:

 

 

 

Austria

10

nil

nil

Belarus

5(18)

5

5

Bulgaria

nil

nil

nil

Canada

15

15(4)

10(5)

China

10

10

10

Czech Republic

10

10(6)

5(7)

Denmark

10(8)

10(6)

nil

Egypt

15

15

10

France

10(9)

10(10)

nil(3)

Germany

10(8)

10(6)

nil(3)

Greece

25

10

nil(12)

Hungary

nil

10(6)

nil

India

10(9)

10(10)

10(16)

Ireland

nil

nil

nil(12)

Italy

nil

10

nil

Kuwait

10

10(6)

5(7)

Malta

15

10

10

Norway

nil

20(2)

nil

Poland

10

10(6)

5

Romania

10

10(6)

5(7)

Russia (old treaty)

nil

nil

nil

Russia (new treaty)

5(17)

nil

nil

Slovakia

10

10(6)

5(7)

South Africa

nil

nil

nil

Sweden

5(8)

10(6)

nil

Syria

nil(8)

10

10

United Kingdom

nil

10

nil(3)

United States

nil

10(10)

nil

Yugoslavia

10

10

10

 

 

 

 

 

Dividends, interest and royalties are paid by a Cyprus company to non-residents of Cyprus without
any withholding tax in all cases.
Received in Cyprus

  Dividends % Interest % Royalties %
Treaty countries:      
Austria 10 nil nil
Belarus 5(18) 5 5
Bulgaria nil nil nil
Canada 15 15(4) 10(5)
China 10 10 10
Czech Republic 10 10(6) 5(7)
Denmark 10(8) 10(6) nil
Egypt 15 15 10
France 10(9) 10(10) nil(3)
Germany 10(8) 10(6) nil(3)
Greece 25(11) 10 nil(12)
Hungary 5(8) 10(6) nil
India 10(9) 10(10) 15(15)
Ireland nil nil nil(12)
Italy 15 10 nil
Kuwait 10 10(6) 5(7)
Malta nil 10 10
Norway nil(13) nil nil
Poland 10 10(6) 5
Romania 10 10(6) 5(7)
Russia (old treaty) nil nil nil
Russia (new treaty) 5(17) nil nil
Slovakia 10 10(6) 5(7)
South Africa nil nil nil
Sweden 5(8) 10(6) nil
Syria nil(8) 10(4) 10
United Kingdom 15(14) 10 nil(3)
United States 5(9) 10(10) nil
Yugoslavia 10 10 10
       

 

   

NOTES:  

  1. Under Cyprus legislation there is no withholding tax on dividends paid by a Cyprus local
    company to a foreign company. In the absence of a treaty, there is withholding tax of 20 per
    cent on dividend payments to foreign individual shareholders. In the presence of a treaty its
    provisions prevail so the lower treaty rate is used for withholding.  
     
  2. 25 per cent on the excess amount on annual payments over C£40.000
     
  3. 5 per cent on film and TV royalties
     
  4. Nil if paid to a Government or for export guarantee
     
  5. Nil on literary, dramatic, musical or artistic work
     
  6. Nil if paid to the Government of the other state
     
  7. This rate applies for patents, trademarks, designs or models, plans, secret formulas or processes,
    or any industrial, commercial or scientific equipment, or for information concerning industrial,
    commercial or scientific experience
     
  8. 15 per cent if received by a company controlling less than 25 per cent of the voting power
     
  9. 15 per cent if received by a company controlling less than 10 per cent of the voting power
     
  10. Nil if paid to a Government, bank or financial institution  
     
  11. The treaty provides for withholding taxes on dividends but Greece does not impose any
    withholding tax in accordance with its own legislation
      
  12. 5 per cent on film royalties
     
  13. 5 per cent if received by a company controlling less than 50 per cent of the voting power
     
  14. This rate applies to individual shareholders regardless of their percentage of shareholding.
    Companies controlling less than 10 per cent of the voting shares are also entitles to this rate
     
  15. 10 per cent for payments of a technical, managerial or consulting nature
     
  16. Treaty rate 15 per cent, therefore restricted to Cyprus legislation rate
     
  17. 10 per cent if dividend paid by a company in which the beneficial owner has invested
    less than US$100.000
     
  18. If investment is less than ECU200.000, dividends are subject to 15 per cent withholding
    tax which is reduced to 10 per cent if the recipient company controls 25 per cent or more
    of the paying company