{"id":139,"date":"2019-11-21T15:49:03","date_gmt":"2019-11-21T15:49:03","guid":{"rendered":"https:\/\/miserve.com.cy\/?page_id=139"},"modified":"2019-11-21T15:49:05","modified_gmt":"2019-11-21T15:49:05","slug":"double-tax-treaties","status":"publish","type":"page","link":"https:\/\/miserve.com.cy\/?page_id=139","title":{"rendered":"Double Tax Treaties"},"content":{"rendered":"\n

Cyprus differs from most other offshore \njurisdictions, in that it offers a big number of double tax treaties (44\n in total), for the avoidance of double taxation. In general most of the\n conventions provide reduced rates of withholding taxes on dividends, \ninterest and royalties paid out of the contracting state, or the \navoidance of double taxation in the case where a resident in one of the \ncontracting states derives income from the other contracting state. This\n is one of the key areas which makes Cyprus as an International and \nOffshore Business Centre unique and respectable.<\/p>\n\n\n\n

Cyprus has concluded an impressive \nnumber of Double Tax Treaties, something which tax heavens lack in \nalmost all cases. The following treaties are currently in force:<\/p>\n\n\n\n
Armenia<\/td>India<\/td>Serbia<\/td><\/tr>
Austria<\/td>Ireland<\/td>Seychelles<\/td><\/tr>
Belarus<\/td>Italy<\/td>Singapore<\/td><\/tr>
Belgium<\/td>Katar<\/td>Slovakia<\/td><\/tr>
Bulgaria<\/td>Kirzikstan<\/td>Slovenia<\/td><\/tr>
Canada<\/td>Kuwait<\/td>South Africa<\/td><\/tr>
China<\/td>Lebanon<\/td>Sweden<\/td><\/tr>
Czech Republic<\/td>Malta<\/td>Syria<\/td><\/tr>
Denmark<\/td>Mauritius<\/td>Tajikistan<\/td><\/tr>
Egypt<\/td>Moldova<\/td>Thailand<\/td><\/tr>
France<\/td>Montenegro<\/td>Ukraine<\/td><\/tr>
Romania<\/td>Norway<\/td>United Kingdom<\/td><\/tr>
Germany<\/td>Poland<\/td>USA<\/td><\/tr>
Greece<\/td>Russia<\/td>Uzbekistan<\/td><\/tr>
Hungary<\/td>San Marino<\/td><\/td><\/tr><\/tbody><\/table>\n\n\n\n

The following table summarizes the \nwithholding tax rates applicable for dividends, interest and royalties \npaid from the countries shown to residents of Cyprus (for numbers in \nparenthesis (n) refer to the notes below):<\/p>\n\n\n\n
Country<\/strong><\/td>Paid from countries Shown to residents of Cyprus<\/strong><\/td><\/tr>
Dividends<\/strong><\/td>Interest<\/strong><\/td>Royalties<\/strong><\/td><\/tr>
Armenia<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
Austria<\/td>10%<\/td>0%<\/td>0%<\/td><\/tr>
Belarus<\/td>5% (26)<\/td>5%<\/td>5%<\/td><\/tr>
Belgium<\/td>10% (25)<\/td>10% (4)<\/td>0%<\/td><\/tr>
Bulgaria<\/td>5% (19)<\/td>7% (1)<\/td>10%<\/td><\/tr>
Canada<\/td>15%<\/td>15% (1)<\/td>10% (2)<\/td><\/tr>
China<\/td>10%<\/td>10%<\/td>10%<\/td><\/tr>
Czech Republic<\/td>0% (20)<\/td>0%<\/td>10%<\/td><\/tr>
Denmark (30)<\/td>10% (5)<\/td>10% (6)<\/td>0%<\/td><\/tr>
Egypt<\/td>15%<\/td>15%<\/td>10%<\/td><\/tr>
France<\/td>10% (7)<\/td>10% (6,10)<\/td>0% (8)<\/td><\/tr>
Romania<\/td>10%<\/td>10% (4)<\/td>5%<\/td><\/tr>
Germany<\/td>10% (5)<\/td>10% (4,10)<\/td>0% (8)<\/td><\/tr>
Greece<\/td>25% (31)<\/td>10%<\/td>0% (11)<\/td><\/tr>
Hungary<\/td>5% (12)<\/td>10% (4)<\/td>0%<\/td><\/tr>
India<\/td>10% (7)<\/td>10% (4)<\/td>15% (9)<\/td><\/tr>
Ireland<\/td>0%<\/td>0%<\/td>0% (11)<\/td><\/tr>
Italy<\/td>15%<\/td>10%<\/td>0%<\/td><\/tr>
Katar<\/td>0%<\/td>0%<\/td>5%<\/td><\/tr>
Kirzikstan<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
Kuwait<\/td>10%<\/td>10% (4)<\/td>5% (3)<\/td><\/tr>
Lebanon<\/td>5%<\/td>5% (4)<\/td>0%<\/td><\/tr>
Malta<\/td>0%<\/td>10% (4,10)<\/td>10% (32)<\/td><\/tr>
Mauritius<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
Moldova<\/td>5% (33)<\/td>5%<\/td>5%<\/td><\/tr>
Montenegro<\/td>10%<\/td>10%<\/td>10%<\/td><\/tr>
Norway<\/td>5% (13)<\/td>0%<\/td>0%<\/td><\/tr>
Poland<\/td>10%<\/td>10% (4)<\/td>5%<\/td><\/tr>
Russia<\/td>5% (18)<\/td>0%<\/td>0%<\/td><\/tr>
San Marino<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
Serbia<\/td>10%<\/td>10%<\/td>10%<\/td><\/tr>
Seychelles<\/td>0%<\/td>0%<\/td>5%<\/td><\/tr>
Singapore<\/td>0%<\/td>10 (27,4)<\/td>10%<\/td><\/tr>
Slovakia<\/td>10% (4)<\/td>10%<\/td>5% (3)<\/td><\/tr>
Slovenia (28)<\/td>10%<\/td>10%<\/td>10%<\/td><\/tr>
South Africa<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
Sweden<\/td>5% (12)<\/td>10% (4,10)<\/td>0%<\/td><\/tr>
Syria<\/td>0% (20)<\/td>10% (1)<\/td>15% (21)<\/td><\/tr>
Tajizikstan<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
Thailand<\/td>10%<\/td>15% (22)<\/td>5% (23)<\/td><\/tr>
Ukraine<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr>
United Kingdom<\/td>0% (14)<\/td>10%<\/td>0% (8)<\/td><\/tr>
USA<\/td>15% (15)<\/td>10% (34)<\/td>0%<\/td><\/tr>
Uzbekistan<\/td>0%<\/td>0%<\/td>0%<\/td><\/tr><\/tbody><\/table>\n\n\n\n

Notes to the table above:<\/strong><\/p>\n\n\n\n

  1. Nil if paid to the Government of the other State or for export guarantee<\/li>
  2. Nil on literary, dramatic, musical or artistic work<\/li>
  3. Nil for literary, artistic or scientific work, film and TV royalties<\/li>
  4. Nil if paid to the Government of the other State<\/li>
  5. 15% if received by a company holding directly less than 25% of the capital<\/li>
  6. Nil if paid to the Government of the \nother State, or in respect of bank loans, or in connection with the sale\n on credit of any industrial commercial or scientific equipment or any \nmerchandise<\/li>
  7. 15% if received by a company holding directly less than10% of the capital<\/li>
  8. 5% on film and TV royalties<\/li>
  9. 10% applies to technical service fees. The 10% domestic rate will apply in all other cases as it is lower.<\/li>
  10. As a result of changes in local \nlegislation, there is no withholding tax on payments of dividends and \ninterest to foreigners thus the rates provided in the treaty would not \napply in practice<\/li>
  11. 5% on film royalties<\/li>
  12. 15% if received by a company holding directly less than 25% of the capital<\/li>
  13. 0% if received by a company holding directly less than 50% of the voting power<\/li>
  14. Under the treaty, the rate is 15%, but the domestic rate is 0%<\/li>
  15. 5% if received by a company controlling 10% or more of the voting power.<\/li>
  16. Nil if paid to the Government of the other State, banks or financial institutions<\/li>
  17. 10% on literary artistic or scientific work, film and TV royalties<\/li>
  18. 10% if received by a company that has \ndirectly invested in the capital of the paying company less than the \nequivalent of 100.000 US dollars. In the new treaty the amount will be \n100.000 Euro.<\/li>
  19. 5% if received by a company holding directly of least 25% of the share capital. Otherwise 10%.<\/li>
  20. 15% if received by a company holding directly less than 25% of the voting rights.<\/li>
  21. 10% on literary, artistic or scientific\n work including cinematograph films and films of tapes for television or\n radio broadcasting.<\/li>
  22. 10% if paid to financial institution \n(including an insurance company) or if paid in connection with the sale \non credit of any industrial, commercial or scientific equipment, or if \npaid in connection with the sale on credit of any merchandise by one \nenterprise to another enterprise.<\/li>
  23. The 5% rate applies to copyright \nroyalties paid in respect of literary, dramatic, musical, artistic or \nscientific work, including software, and film and broadcasting \nroyalties. The 10% rate applies to royalties paid in respect of \nindustrial, commercial and scientific equipment. The rate is 15% for \npatent and trademark royalties.<\/li>
  24. 10% for industrial, commercial or scientific equipment.<\/li>
  25. 15% if received by a company holding directly at least 25% of the share capital.<\/li>
  26. 5% if received by a company that \ninvested in share capital not less than \u20ac 200.000. 10% if paid to a \nperson holding at least 25% of the capital. In all other cases 15%.<\/li>
  27. 7% if received by a bank or similar financial institution.<\/li>
  28. A new double taxation agreement has \nbeen agreed and will have effect when it has been formally ratified by \nboth counties. The new rates will be 5% withholding tax on dividends, \ninterest and royalties.<\/li>
  29. 0% if received by a company holding directly less than 10% of the capital. 5% in all other cases.<\/li>
  30. New treaty has been signed, but is not yet in effect.<\/li>
  31. For 2011, the dividend withholding tax rate is 21%. The rate increases to 25% as from January 2012.<\/li>
  32. As a result of changes in local \nlegislation, there is no withholding tax on payments of royalties to \nforeigners, thus the rates provided by the treaty would not apply in \npractice.<\/li>
  33. This rate applies if received by a company controlling more than 25% of the capital. In all other cases 10% rate applies.<\/li>
  34. Interest is exempt if beneficially \nderived by a resident of a Contracting State with respect to debt \nobligations guaranteed or insured by that Contracting State \n(instrumentality), a bank or other financial institution, or a resident \nwith respect to debt obligations arising in connection with the sale of \nproperty or the performance of services. Otherwise the rate is 10%.<\/li><\/ol>\n\n\n\n

    Comparison<\/strong>Chart<\/strong>of<\/strong>Different<\/strong>Jurisdictions<\/strong><\/p>\n\n\n\n

    Please click table to enlarge it.<\/p>\n\n\n\n

    \"\"<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

    Cyprus differs from most other offshore jurisdictions, in that it offers a big number of double tax treaties (44 in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":122,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-139","page","type-page","status-publish","hentry"],"yoast_head":"\nDouble Tax Treaties | MiServe<\/title>\n<meta name=\"description\" content=\"Cyprus differs from most other offshore jurisdictions, in that it offers a big number of double tax treaties (44 in total), for the avoidance of double\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/miserve.com.cy\/?page_id=139\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Double Tax Treaties | MiServe\" \/>\n<meta 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