Cyprus Double Taxation Treaties

Cyprus has a wide network of double tax treaties. This treaty network, and the fact that Cyprus Companies are subject to a local corporate income tax regime (albeit the lowest in Europe at 12.5%) gives Cyprus companies credibility and a sound basis for claiming double taxation relief.

In particular Cyprus has very significant double tax treaties with Russia and the USA.

There are also important Cyprus tax treaties with the following countries:


Austria

France

Lithuania

Russia

Ukraine

Bulgaria

Germany

Malta

South Africa

UK

Belarus

Hungary

Mauritius

Seychelles

USA

Belgium

India

Norway

Singapore

Canada

Ireland

Poland

Spain

China

Italy

Romania

Thailand

The significance of many of these tax treaties is that they enable Cyprus holding, trading and investment companies:

  • to obtain exemption from taxation in these countries on business profits if certain conditions are met
  • to mitigate taxation in these countries on dividends interest and royalties paid to Cyprus companies if certain conditions are met 

Click here for summary withholding tax tables relating to tax treaties in Cyprus

Click here for our services to Cyprus Companies 

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