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 to the filing date of tax returns

The following deadlines have been extended by the Cyprus government for the filing of tax returns by companies and individuals: The last date for the filing of an individual's tax return (IR1) for the year 2020 and settlement of any tax due will be 30 September 2021 without the imp...…

Published: Saturday 24 April, 2021

Extension for filing of corporate tax returns

On 12 March 2021 the Tax Department issued an announcement in relation to the extension of the deadlines for the submission of the 2019 corporate income tax return and the 2019 income tax return filed by individuals preparing audited Financial Statements. The above deadlines are extended to 30 Se...…

Published: Saturday 27 March, 2021

Interest and dividends – declarations through Taxisnet

There are new declarations on Taxisnet through which Special Defence Contributions and GESY should be recorded on the payment of interest and dividends. The printed forms 61AT and 61AM are now also available in electronic form and can be submitted through the Taxisnet as follows: …

Published: Wednesday 27 January, 2021