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