Cyprus Double Tax Treaties (DTT)

A constructive use of the Cyprus Treaties’ Network has rendered considerable advantages to businesses and individuals who have chosen to establish legal entities in Cyprus.

Tax Treaties legally supersede local tax legislation and for this reason they are a useful tax-planning tool to protect businesses and individuals against double taxation of income earned in other countries.

Cyprus has concluded double tax treaties with the following countries:

Austria

Italy

Belarus

Kuwait

Belgium

Lebanon

Bulgaria

Malta

Canada

Norway

China

Poland

Czech Republic

Romania

Denmark

Russia

Egypt

Slovakia

France

South Africa

Germany

Sweden

Greece

Syria

Hungary

United Kingdom

India

United States

Ireland

USSR*

Yugoslavia **

Notes:

  1. The main purpose of these treaties is the avoidance of double taxation of income earned in any of these countries. Under these agreements, a credit is usually allowed against the tax levied by the country in which the tax payer resides for taxes levied in the other treaty country, and as a result the tax payer pays no more than the higher of the two rates (a number of the treaties also contain very beneficial “tax-sparing credits”).
  2. Refer to section “Tax Law – Tax Facts” for the treaty withholding tax rates for payments of dividends, interest and royalties.
  3. The EU Parent Subsidiary and the Interest & Royalties Directives can be used to eliminate withholding taxes on payments of dividends, interest and royalties from or to EU Group Companies and the EU Merger Directive to eliminate the tax effects of EU Group reorganizations

* Azerbaijan, Armenia, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan and Ukraine apply the USSR/Cyprus treaty.

** Slovenia and Serbia/Montenegro have also adopted the double taxation convention concluded by the former Socialist Federal Republic of Yugoslavia.

DTT Table (Received in Cyprus) – updated Jan ’06
DTT Table (Paid from Cyprus) – updated Jan ’06
The full text of Cyprus’s Tax Treaties can be downloaded here:

Cyprus – Austria Cyprus – Lebanon

 

Cyprus – Austria Final Protocol Cyprus – Macedonia

 

Cyprus – Belarus Cyprus – Malta

 

Cyprus – Belgium Cyprus – Mauritius

 

Cyprus – Bulgaria Cyprus – Moldova

 

Cyprus Bulgaria Final Protocol Cyprus – Montenegro

 

Cyprus – Canada Cyprus – Poland

 

Cyprus – People’s Republic of China Cyprus – Romania

 

Cyprus – Croatia Cyprus – Russian Federation

 

Cyprus – Czechoslovakia Cyprus – Serbia

 

Cyprus – Denmark Cyprus – Singapore

 

Cyprus – Egypt Cyprus – Slovenia

 

Cyprus – France Cyprus – South Africa

 

Cyprus – France Final Protocol Cyprus – South Africa Final Protocol

 

Cyprus – Germany Cyprus – Sweden

 

Cyprus – Germany Final Protocol Cyprus – Syria

 

Cyprus – Greece Cyprus – Tajikistan

 

Cyprus – Hungary Cyprus Thailand

 

Cyprus – Hungary Final Protocol Cyprus – Thailand Final Protocol

 

Cyprus – India Cyprus – Turkmenistan

 

Cyprus – Ireland Cyprus – UK

 

Cyprus – Italy Cyprus – Ukraine

 

Cyprus – Italy Final Protocol Cyprus – USA

 

Cyprus – Kurkystan Cyprus – Uzbekistan

 

Cyprus – Kuwait

(updated Jan 2006)

If you have difficulty in downloading the Tax Treaties, please contact us. We will send them to you.

Follow the links below to go to the relevant section:







































(updated 1st quarter 2006)

Contact one of our officers to initiate the incorporation of a Cyprus registered company and start reaping the full benefits of an onshore, low-tax, EU jurisdiction. Simply fill in the contact box below or contact us by email on enquiries@fbscyprus.com

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