DOUBLE TAX TREATIES
Irrespective of the country of residence of the recipient or whether a relevant tax treaty exists, there is no WHT on outgoing payments from Cyprus in the form of dividends, provided the payments are made to non Cyprus tax resident shareholders (companies or individuals) or to Cyprus tax resident individuals who are not Cyprus Domiciled. Also, irrespective of the country of residence of the recipient or whether a relevant tax treaty exists, there is no WHT on interest paid from Cyprus as well as on royalties paid from Cyprus in respect of intellectual property exploited outside Cyprus to any company or individual.
Cyprus has an extensive network of countries with double tax treaties which ensure to the Cyprus tax resident companies the minimum WHT on inbound payments to Cyprus. The maximum WHT on inbound payments to Cyprus (Withholding tax abroad for income received in Cyprus) is described below:
Treaty Country | Dividends | Interest | Royalties |
---|---|---|---|
Armenia | 0/5 | 5 | |
Austria | 5/10/15 | 0 | 0 |
Bahrain | 0 | 0 | 0 |
Barbados | 0 | 0 | 0 |
Belarus | 5 | 5 | 5 |
Belgium | 10/15 | 0/10 | 0 |
Bosnia | 10 | 10 | 10 |
Bulgaria | 5/10 | 0/7 | 10 |
Canada | 15 | 0/15 | 0/10 |
China | 10 | 10 | 10 |
Czech Republic | 0/5 | 0 | 0/10 |
Denmark | 0/15 | 0 | 0 |
Egypt | 15 | 15 | 10 |
Ethipia | 5 | 5 | 5 |
Estonia | 0 | 0 | 0 |
Finland | 5/15 | 0 | 0 |
France | 10/15 | 0/10 | 0/5 |
Germany | 5/15 | 0 | 0 |
Greece | 25 | 10 | 0/5 |
Guernsey | 0 | 0 | 0 |
Hungary | 5/15 | 0/10 | 0 |
Iceland | 5/10 | 0 | 5 |
India | 10 | 0/10 | 10 |
Iran | 5/10 | 5 | 6 |
Ireland | 5/10 | 0 | 5 |
Ireland | 0 | 0 | 0/5 |
Italy | 15 | 10 | 0 |
Jersey | 0 | 0 | 0 |
Kuwait | 0 | 0 | 5 |
Latvia | 0/10 | 0/10 | 0/5 |
Lebanon | 5 | 5 | 0 |
Lithuania | 0/5 | 0 | 5 |
Malta | 0 | 10 | 10 |
Mauritius | 0 | 0 | 0 |
Montenegro | 10 | 10 | 10 |
Moldova | 5/10 | 5 | 5 |
Norway | 0/15 | 0 | 0 |
Poland | 0/5 | 0/5 | 5 |
Portugal | 10 | 10 | 10 |
Qatar | 0 | 0 | 5 |
Romania | 10 | 0/10 | 0/5 |
Russia | 5/10 | 0 | 0 |
San Marino | 0 | 0 | 0 |
Serbia | 10 | 10 | 10 |
Seychelles | 0 | 0 | 5 |
Singapore | 0 | 0/7/10 | 10 |
Slovak Republic | 10 | 0/10 | 0/5 |
Slovenia | 5 | 5 | 5 |
South Africa | 5/10 | 0 | 0 |
Spain | 0/5 | 0 | 0 |
Sweden | 5/15 | 0/10 | 0 |
Syria | 0/15 | 0/10 | 10/15 |
Thailand | 10 | 10/15 | 5/10/15 |
Ukraine | 5/15 | 2 | 5/10 |
United Arab Emirates | 0 | 0 | 0 |
United Kingdom | 0/15 | 10 | 0/5 |
United States | 5/15 | 0/10 | 0 |