
Double Taxation Treaties signed by the Republic of Cyprus
Cyprus offers a range of different double tax treaties that allow businesses and individuals to obtain tax benefits and reduce the tax burden when setting up a company in Cyprus.
These tax treaties replace local tax laws and protect businesses from double taxation of income earned in signatory countries.
As of December 2020, double taxation treaties are in force between the Republic of Cyprus and 66 countries of the world.
№ | Country |
Date of signing Treaty/Protocol/Note |
Date of entry in force |
1 | Andorra | 18/05/2018 | 11/09/2019 |
2 | Armenia | 17/01/2011 | 19/09/2011 |
3 |
Austria (new agreement) |
20/03/1999 21/05/2012 |
01/01/1991 01/04/2013 |
4 | Azerbaijan | 29/10/1982 | 26/08/1983 |
5 | Barbados | 03/05/2017 | 11/09/2017 |
6 | Belarus | 29/05/1998 | 12/02/1999 |
7 | Belgium | 14/05/1996 | 08/12/1999 |
8 | Bosnia | 29/06/1985 | 08/09/1986 |
9 | Bulgaria | 30/10/2000 | 03/01/2001 |
10 | Canada | 02/05/1984 | 03/09/1985 |
11 | China | 25/10/1990 | 05/10/1991 |
12 |
Czech Republic (new agreement) |
15/04/1980 28/04/2009 |
30/12/1980 26/11/2009 |
13 |
Denmark (new agreement) |
26/05/1981 11/10/2010 |
10/04/1982 07/09/2011 |
14 |
Egypt (new agreement) |
19/12/1993 08/102019 |
14/03/1995 31/07/2020 |
15 | Estonia | 15/10/2012 | 08/10/2013 |
16 | Ethiopia | 30/12/2015 | 18/10/2017 |
17 | Finland | 15/11/2012 | 28/04/2013 |
18 | France | 18/12/1981 | 01/04/1983 |
19 | Georgia | 13/05/2015 | 04/01/2016 |
20 |
Germany (new agreement) |
09/05/1974 18/02/2011 |
11/10/1977 16/12/2011 |
21 | Greece | 30/03/1968 | 12/07/1970 |
22 | Hungary | 30/11/1981 | 24/11/1982 |
23 | Iceland | 13/11/2014 | 22/12/2014 |
24 |
India (new agreement) |
13/06/1994 18/11/2016 |
22/12/1994 14/12/2016 |
25 | Iran | 04/08/2015 | 05/03/2017 |
26 | Ireland | 24/09/1968 | 12/07/1970 |
27 |
Italy (new agreement) |
24/04/1974 04/06/2009 |
09/06/1983 23/11/2010 |
28 | Jersey | 11/07/2016 | 17/02/2017 |
29 | Kazakhstan | 15/05/2019 | 17/01/2020 |
30 | Kingdom of Bahrein | 09/03/2015 | 26/04/2016 |
31 |
Kuwait (new agreement) |
15/12/1984 05/10/2010 |
25/09/1986 30/08/2013 |
32 | Kyrgyzstan | 29/10/1982 | 28/08/1983 |
33 | Latvia | 24/05/2016 | 27/10/2016 |
34 | Lebanon | 18/02/2003 | 14/04/2005 |
35 | Lithuania | 21/06/2013 | 17/04/2014 |
36 | Luxemburg | 08/05/2017 | 23/04/2018 |
37 |
Malta |
22/10/1993 | 11/08/1994 |
38 |
Mauritius (new protocol) |
21/01/2000 23/10/2017 |
12/06/2000 02/05/2018 |
39 | Moldova | 28/01/2008 | 03/09/2008 |
40 | Montenegro | 29/06/1985 | 08/09/1986 |
41 |
Norway (new agreement) |
02/05/1991 24/02/2014 |
01/01/1995 08/07/2014 |
42 |
Poland (new agreement) |
04/06/1992 22/03/2012 |
07/07/1993 09/11/2012 |
43 | Portugal | 19/11/2012 | 16/08/2013 |
44 | Qatar | 11/11/2008 | 20/03/2009 |
45 | Romania | 16/11/1981 | 08/11/1982 |
46 |
Russia (amendment) (amendment) |
05/12/1998 07/10/2010 08/09/2020 |
17/08/1999 02/04/2012 |
47 |
San Marino (amending protocol) |
27/04/2007 19/05/2017 |
18/07/2007 27/06/2018 |
48 | Saudi Arabia | 03/01/2018 | 01/03/2019 |
49 | Serbia | 29/06/1985 | 08/09/1986 |
50 | Seychelles | 28/06/2006 | 27/10/2006 |
51 | Singapore | 24/11/2000 | 08/02/2001 |
52 | Slovakia | 15/04/1980 | 30/12/1980 |
53 |
Slovenia (new agreement) |
29/06/1985 12/10/2010 |
08/09/1986 14/09/2011 |
54 |
South Africa (amending protocol) |
26/11/1997 01/04/2015 |
08/12/1998 185/09/2015 |
55 | Spain | 14/02/2013 | 28/05/2014 |
56 | Sweden | 25/10/1988 | 14/11/1989 |
57 |
Swiss Confederation (amending protocol) |
25/07/2014 20/07/2020 |
15/10/2015
|
58 | Syria | 15/03/1992 | 22/02/1995 |
59 | Thailand | 27/10/1998 | 04/04/2000 |
60 | The States of Guernsey |
15/07/2014 in Cyprus 29/07/2014 in Guernsey |
04/03/2015 |
61 |
Ukraine (new agreement) (amending protocol) |
29/10/1982 08/11/2012 11/12/2015 |
26/08/1983 19/08/2013 28/11/2019 |
62 | United Arab Emirates | 27/02/2011 | 01/01/2014 |
63 |
United Kingdom (amendment) (new agreement) (amending protocol) |
20/06/1974 02/04/1980 22/03/2018 19/12/2018 |
18/03/1975 15/12/1980 18/07/2018 02/10/2019 |
64 | United States of America | 19/03/1984 | 31/12/1985 |
65 | Uzbekistan | 29/10/1982 | 26/08/1983 |
66 | Australia | In process since February 2020 |
There is no Cypriot withholding tax on payments to non-Cyprus tax residents in the cases of dividends, royalties or interests used out of Cyprus.
Below is a comparative table of taxation for most countries that have concluded agreements with Cyprus.
№ | Country | Taxation of Income | derived from Cyprus and | paid to the below countries | Taxation of Income | derived from the below countries | and paid to Cyprus |
dividends | interest | royalty | dividends | interest | royalty | ||
% | % | % | % | % | % | ||
Non-treaties countries | 0 | 0 | 0 | ||||
1 | Andorra | 0 | 0 | 0 | 0 | 0 | 0 |
2 | Armenia | 0 | 5 | 5 | 0 | 5 | 5 |
3 | Austria | 10 | 0 | 0 | 10 | 0 | 0 |
4 | Bahrain | 0 | 0 | 0 | 0 | 0 | 0 |
5 | Barbados | 0 | 0 | 0 | 0 | 0 | 0 |
6 | Belarus | 5 | 5 | 5 | 5 | 5 | 5 |
7 | Belgium | 10 | 10 | 0 | 10 | 10 | 0 |
8 | Bulgaria | 5 | 7 | 10 | 5 | 7 | 10 |
9 | Canada | 15 | 15 | 10 | 15 | 15 | 10 |
10 | China | 10 | 10 | 10 | 10 | 10 | 10 |
11 | Czech Republic | 0 | 0 | 10 | 0 | 0 | 10 |
12 | Denmark | 0 | 0 | 0 | 0 | 0 | 0 |
13 | Egypt | 15 | 15 | 10 | 15 | 15 | 10 |
14 | Ethiopia | 5 | 5 | 5 | 5 | 5 | 5 |
15 | Estonia | 0 | 0 | 0 | 0 | 0 | 0 |
16 | Finland | 5 | 0 | 0 | 5 | 0 | 0 |
17 | France | 10 | 10 | 0 | 10 | 10 | 0 |
18 | Georgia | 0 | 0 | 0 | 0 | 0 | 0 |
19 | Germany | 5 | 0 | 0 | 5 | 0 | 0 |
20 | Greece | 25 | 10 | 0 | 25 | 10 | 0 |
21 | The States of Guernsey | 0 | 0 | 0 | 0 | 0 | 0 |
22 | Hungary | 5 | 10 | 0 | 5 | 10 | 0 |
23 | Iceland | 5 | 0 | 5 | 5 | 0 | 5 |
24 | India | 10 | 10 | 10 | 10 | 10 | 10 |
25 | Iran | 5 | 5 | 6 | 5 | 5 | 6 |
26 | Ireland | 0 | 0 | 0 | 0 | 0 | 0 |
27 | Italy | 15 | 10 | 0 | 15 | 10 | 0 |
28 | Jersey | 0 | 0 | 0 | 0 | 0 | 0 |
29 | Kuwait | 10 | 10 | 5 | 10 | 10 | 5 |
30 | Kyrgyzstan | 0 | 0 | 0 | 0 | 0 | 0 |
31 | Latvia | 0 | 0 | 0 | 0 | 0 | 0 |
32 | Lebanon | 5 | 5 | 0 | 5 | 5 | 0 |
33 | Lithuania | 0 | 0 | 5 | 0 | 0 | 5 |
34 | Luxemburg | 0 | 0 | 0 | 0 | 0 | 0 |
35 | Malta | 0 | 10 | 10 | 15 | 10 | 10 |
36 | Mauritius | 0 | 0 | 0 | 0 | 0 | 0 |
37 | Moldova | 5 | 5 | 5 | 5 | 5 | 5 |
38 | Montenegro | 10 | 10 | 10 | 10 | 10 | 10 |
39 | Norway | 0 | 0 | 0 | 0 | 0 | 0 |
40 | Poland | 0 | 5 | 5 | 0 | 5 | 5 |
41 | Portugal | 10 | 10 | 10 | 10 | 10 | 10 |
42 | Qatar | 0 | 0 | 5 | 0 | 0 | 5 |
43 | Romania | 10 | 10 | 5 | 10 | 10 | 5 |
44 | Russia | 5 | 0 | 0 | 15 | 15 | 0 |
45 | San Marino | 0 | 0 | 0 | 0 | 0 | 0 |
46 | Saudi Arabia | 0 | 0 | 5 | 0 | 0 | 5 |
47 | Serbia | 10 | 10 | 10 | 10 | 10 | 10 |
48 | Seychelles | 0 | 0 | 5 | 0 | 0 | 5 |
49 | Singapore | 0 | 10 | 10 | 0 | 10 | 10 |
50 | Slovakia | 10 | 10 | 5 | 10 | 10 | 5 |
51 | Slovenia | 5 | 5 | 5 | 5 | 5 | 5 |
52 | South Africa | 10 | 0 | 0 | 10 | 0 | 0 |
53 | Spain | 0 | 0 | 0 | 0 | 0 | 0 |
54 | Sweden | 5 | 10 | 0 | 5 | 10 | 0 |
55 | Swiss Confederation | 0 | 0 | 0 | 0 | 0 | 0 |
56 | Syria | 0 | 10 | 15 | 0 | 10 | 15 |
57 | Tajikistan | 0 | 0 | 0 | 0 | 0 | 0 |
58 | Thailand | 10 | 15 | 5 | 10 | 15 | 5 |
59 | Ukraine | 5 | 5 | 5 | 5 | 5 | 5 |
60 | United Arab Emirates | 0 | 0 | 0 | 0 | 0 | 0 |
61 | United Kingdom | 0 | 0 | 0 | 0 | 10 | 0 |
62 | USA | 5 | 10 | 0 | 0 | 10 | 0 |
63 | Uzbekistan | 0 | 0 | 0 | 0 | 0 | 0 |