TABLE OF WITHHOLDING TAX RATES

The following tables give a summary of the withholding taxes provided by the double tax treaties entered into by Cyprus.

 
Paid from Cyprus  

 Dividends % Interest %   Royalties% 
Non-treaty countries 0(1) 0(2)
10(3) 
Treaty Countries      
Austria 10 Nil Nil 
Belarus 5(18)  5 5
Belgium 10(24) 10(25) Nil
Bulgaria 5(19) 7 10 
Canada 15 15(4) 10(5)
China 10 10 10
Czech Republic 10 10(6) 5(7)
Denmark 10(8) 10(6) Nil 
Egypt 15 15 10
France 10(9) 10(10) Nil(3)
Germany 10(8) 10(6) Nil(3)
Greece 25 10 Nil(12)
Hungary Nil 10(6) Nil
India 10(9) 10(10) 10(16)
Ireland Nil Nil Nil(12)
Italy Nil 10 Nil
Kuwait 10 10(6) 5
Malta 15 10 10
Mauritius Nil Nil Nil
Norway Nil 20(2) Nil
Poland 10 10(6) 5
Romania 10 10(6) 5(7)
Russia (new treaty) 5(17) Nil Nil
Singapore(21) Nil 10(20) Nil
Slovakia 10 10(6) 5(7)
South Africa Nil Nil Nil
Sweden 5(8) 10(6) Nil
Syria Nil(8) 10 10
Thailand Nil 10(22) 5(23)
United Kingdom Nil 10 Nil(3)
United States Nil 10(10) Nil
U.S.S.R. (old treaty) Nil Nil Nil
Yugoslavia 10 10 10
 
Received in Cyprus 
 Dividends % Interest %
Royalties %
Treaty Countries      
Austria 10 Nil Nil 
Belarus 5(18) 5 5
Belgium 10(24) 10(25) Nil
Bulgaria 5(19) 7 10
Canada 15 15(4) 10(5)
China 10 10 10
Czech Republic 10 10(6) 5(7)
Denmark 10(8) 10(6) Nil 
Egypt 15 15 10
France 10(9) 10(10) Nil(3)
Germany 10(8) 10(6) Nil(3)
Greece 25(11) 10 Nil(12)
Hungary 5(8) 10(6) Nil
India 10(9) 10(10) 15(15)
Ireland Nil Nil Nil(12)
Italy 15 10 Nil
Kuwait 10 10(6) 5
Malta Nil 10 10
Mauritius Nil Nil Nil
Norway Nil(13) Nil Nil
Poland 10 10(6) 5
Romania 10 10(6) 5(7)
Russia (new treaty) 5(17) Nil Nil
Singapore(21) Nil 10(20) Nil
Slovakia 10 10(6) 5(7)
South Africa Nil Nil Nil
Sweden 5(8) 10(6) Nil
Syria Nil(8) 10(4) 10
Thailand 10 10(22) 5(23)
United Kingdom 15(14) 10 Nil(3)
United States 5(9) 10(10) Nil
U.S.S.R. (old treaty) Nil Nil Nil
Yugoslavia 10 10 10


Notes:

  1. In case the treaty rate is higher than what applies for non treaty countries, the lower latter rate shall prevail.

  2. In case the treaty rate is higher than what applies for non treaty countries, the lower latter rate shall prevail.

  3. In case the treaty rate is higher than what applies for non treaty countries, the lower latter rate shall prevail.

  4. Nil if paid to a Government or for export guarantee. 

  5. Nil on literary, dramatic, musical or artistic work. 

  6. Nil if paid to the Government of the other state. 

  7. For literary, artistic or scientific work, film and TV royalties, the relevant non-treaty rate applies. 

  8. 15 per cent if received by a company controlling less than 25 per cent of the voting power. 

  9. 15 per cent if received by a company controlling less than 10 per cent of the voting power. 

  10. Nil if paid to a Government, bank or financial institution. 

  11. The treaty provides for withholding taxes on dividends but Greece does not impose any withholding tax in accordance with its own legislation. 

  12. 5 per cent on film royalties. 

  13. 5 per cent if received by a company controlling less than 50 per cent of the voting power. 

  14. This rate applies to individual shareholders regardless of their percentage of shareholding.  Companies controlling less than 10 per cent of the voting shares are also entitled to this rate. 

  15. 10 per cent for payments of a technical, managerial or consulting nature. 

  16. Treaty rate 15 per cent, therefore restricted to Cyprus legislation rate. 

  17. 10 per cent if divided paid by a company in which the beneficial owner has invested less than US$100.000. 

  18. (i) 10 per cent if divided paid by a company in which the beneficial owner has invested less than ECU200.000 and (ii) 15 per cent if received by a company controlling less than 25 per cent of the voting power. 

  19. 10 per cent if received by a company controlling less than 25 per cent of the voting power. 

  20. 7 per cent if the interest is received from a bank.

  21. Comes into effect on 1 January 2002.

  22. 15 per cent in certain instances.

  23. 10 per cent and 15 per cent in certain instances.

  24. 15 per cent if received by a company controlling less than 25 per cent of the voting power. 

  25. It is exempt in certain instances.

 
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