ARTICLES
The new double tax treaty with the United Kingdom which had been signed on the 22nd of March 2018, has now entered into force and will come into effect on 1st January 2019. It replaces the existing treaty between Cyprus and the United Kingdom which was signed in 1974.
Special clauses have been inserted in the double tax treaty regarding the withholding tax on dividends, interest and royalties. As far as capital gains are concerned these will be affected if they have arisen as a result of the disposal of immovable property.
Latest news
Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…
Published: Wednesday 28 February, 2024
A revised treaty for avoidance of double taxation between Cyprus and France was signed on 11 December 2023 replacing the previous Treaty of 1981. The main provisions of the Treaty are as follows: Dividends: 0% withholding tax if the beneficial owner of the dividend is a com...…
Published: Wednesday 21 February, 2024
The double tax treaty between Cyprus and Croatia was signed on 17 October 2023 and ratified on 27 October 2023. Following the ratification by Cyprus, the treaty will be in effect in the year following the year in which the ratification process in the Republic of Croatia is also completed. It will...…
Published: Tuesday 23 January, 2024
Morison Patsalides