Cyprus > Double Tax Treaties
Cyprus

Double Tax Treaties

Below is a summary of the DTT’s concluded by Cyprus regarding dividend, interest and royalty payments.

Paid from Cyprus

 

Dividends
(1)
%


Interest
(1)
%


Royalties
(1)
%

Non-treaty countries

Nil

Nil

niI (2)

Armenia (20)

Nil

Nil

niI (2)

Austria

10

nil

Nil

Belarus

5 (18)

5

5

Belgium

10 (8)

10 (6,19)

Nil 

Bulgaria

5 (23) 

7 (6) 

10

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)

Kyrgyzstan (20)

nil

nil

Nil

Lebanon

5

5

Nil

Malta

15

10

10

Mauritius

nil

nil

Nil

Moldova (20)

nil

nil

Nil

Montenegro (26)

10

10

10

Norway

nil

nil

Nil

Poland

10

10 (6)

5

Qatar

0

0

5

Romania 

10

10 (6)

5 (7)

Russia

5 (17)

nil

Nil

San Marino 

nil

nil

Nil

Serbia (26) 

10

10

10

Seychelles 

nil

nil

5

Singapore 

nil

10 (6.25)

10

Slovakia 

10

10 (6)

5 (7)

Slovenia (26)

10

10

10

South Africa

nil

nil

Nil

Sweden

5 (8)

10 (6)

Nil

Syria

nil (8)

10

15 (27)

Tadzhikistan

nil

nil

Nil

Thailand

10

15 (21)

5 (22)

Ukraine (20)

nil

nil

Nil

United Kingdom

nil

10

nil (3)

United States

nil

10 (10)

Nil

 

Received in Cyprus

 

Dividends
%


Interest
%


Royalties
%

Treaty countries

 

 

 

Armenia (20)

Nil

Nil

niI (2)

Austria

10

nil

nil

Belarus

5 (18)

5

5

Belgium

10 (8)

10 (6,19)

Nil

Bulgaria

5 (23)

7 (6.24)

10 (24)

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)

Kyrgyzstan (20)

nil

nil

Nil

Lebanon

5

5

Nil

Malta

nil

10

10

Mauritius

nil

nil

Nil

Moldova (20)

nil

nil

Nil

Montenegro (26)

10

10

10

Norway

nil (13)

nil

Nil

Poland

10

10 (6)

5

Qatar

0

0

5

Romania

10

10 (6)

5 (7)

Russia

5 (17)

nil

Nil

San Marino

nil

nil

Nil

Serbia (26)

10

10

10

Seychelles

nil

nil

5

Singapore

nil

10 (6.25)

10

Slovakia

10

10 (6)

5 (7)

Slovenia (26)

10

10

10

South Africa

nil

nil

Nil

Sweden

5 (8)

10 (6)

Nil

Syria

nil (8)

10 (4)

15 (27)

Tadzhikistan

nil

nil

Nil

Thailand

10

15 (21)

5 (22)

Ukraine (20)

nil

nil

Nil

United Kingdom

15 (14)

10

nil (3)

United States

5 (9)

10 (10)

nil

Notes:

  1. Under Cyprus legislation there is no withholding tax on dividends, interests and royalties paid to non – residents of Cyprus.
  2. Incase where royalties are earned on rights used within Cyprus there is withholding tax of 10%.
  3. 5% 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 % if received by a company controlling less than 25% of the voting power or by an individual.
  9. 15% if received by a person controlling less than 10% 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% on film royalties (apart from films broadcasted on television).
  13. 5% if received by a person controlling less than 50% of the voting power.
  14. This rate applies to individual shareholders regardless of their percentage of shareholding. Companies controlling less than 10% of the voting shares are also entitled to this rate.
  15. 10% for payments of a technical, managerial or consulting nature.
  16. Treaty rate 15% therefore restricted to Cyprus legislation rate.
  17. 10% if dividend paid by a company in which the beneficial owner has invested less than EUR100.000.
  18. If the investment is less than EUR200.000, dividends are subject to 15% withholding tax which is reduced to 10% if the recipient company controls 25% or more of the paying company.
  19. No withholding tax for interest on deposits with banking institutions.
  20. Armenia, Kyrgyzstan, Moldova, Tadzhikistan and Ukraine apply the USSR/Cyprus treaty.
  21. 10% on interest received by a financial institution or when it relates to sale on credit of any industrial, commercial or scientific equipment or of merchandise.
  22. This rates applies for any copyright of literary, dramatic, musical, artistic or scientific work.  A 10% rate applies for industrial, commercial or scientific equipment.  A 15% rate applies for patents, trade marks, designs or models, plans, secret formulae or processes.
  23. This rate applies to companies holding directly at least 25% of the share capital of the company paying the dividend.  In all other cases the withholding tax is 10%.
  24. 24)     This rate does not apply if the payment is made to a Cyprus international business entity by a resident of Bulgaria owning directly or indirectly at least 25% of the share capital of the Cyprus entity.
  25. 7% if paid to a bank or financial institution.
  26. Montenegro, Serbia and Slovenia apply the Yugoslavia/Cyprus treaty.
  27. A rate of 10% applies to copyrights on literary, artistic and scientific work including cinematograph films, and films on tapes for television or radio broadcasting.