Cyprus Double Tax Treaties

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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.

 

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”).

 

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

Cyprus Tax Treaties
Cyprus – Austria Cyprus – Macedonia
Cyprus – Austria Final Protocol Cyprus – Malta
Cyprus – Belarus Cyprus – Mauritius
Cyprus – Belgium Cyprus – Moldova
Cyprus – Bulgaria Cyprus – Montenegro
Cyprus – Bulgaria Final Protocol Cyprus – People’s Republic of China
Cyprus – Canada Cyprus – Poland
Cyprus – Croatia Cyprus – Romania
Cyprus – Czechoslovakia Cyprus – Russian Federation
Cyprus – Denmark Cyprus – Serbia
Cyprus – Egypt Cyprus – Singapore
Cyprus – France Cyprus – Slovenia
Cyprus – France Final Protocol Cyprus – South Africa
Cyprus – Germany Cyprus – South Africa Final Protocol
Cyprus – Germany Final Protocol Cyprus – Sweden
Cyprus – Greece Cyprus – Syria
Cyprus – Hungary Cyprus – Tajikistan
Cyprus – Hungary Final Protocol Cyprus – Thailand
Cyprus – India Cyprus – Thailand Final Protocol
Cyprus – Ireland Cyprus – Turkmenistan
Cyprus – Italy Cyprus – UK
Cyprus – Italy Final Protocol Cyprus – USA
Cyprus – Kurkystan Cyprus – Ukraine
Cyprus – Kuwait Cyprus – Uzbekistan
Cyprus – Lebanon

 

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