Cyprus - Netherlands Double Tax Treaty

A new double tax treaty with The Netherlands was concluded in September 2019, the provisions of which will take effect on or after 1 January 2021.


The taxes that are covered are as follows: -


  • Dividends – the treaty provides for a 15% withholding tax on dividends unless the beneficial owner of the dividend holds at least 5% of the share capital of the dividend paying company for a period of at least one year or the beneficial owner is a recognized pension fund.


  • Interest and Royalties – there is no withholding tax on interest and royalties as far as the recipient is the beneficial owner of the income.


  • Capital gains – gains from the sale of shares of companies are taxed in the country where the seller is located, except in the case of sale of shares of immovable property companies, where the tax is levied in the country where the immovable property is located.


Latest news

Extension for filing of tax returns

It has been announced by the Commissioner of Taxation that the date for filing of tax returns by companies or self-employed persons who prepare financia...…

Published: Wednesday 27 May, 2020

Corona virus – tax and VAT measures

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Published: Tuesday 31 March, 2020

Penalties and interest relief on overdue taxes

On 7 February 2020 the Cyprus government passed a new Law providing significant reliefs (from 50% up to 95%) on interest and penalties on overdue taxes in...…

Published: Tuesday 18 February, 2020