TAX TREATIES
Tax treaties withholding tax tables
PAID FROM CYPRUS
Dividends (1) Interest (1) Royalties (1)
% % %
Non-treaty countries nil nil nil
Armenia (20) nil nil nil
Austria 10 nil nil
Belarus 5 (18) 5 5
Belgium 10 (8) 10 (6,19) nil
Bulgaria 5 (23) 7 (6) 10
Canada 15 15 (4) 10 (5)
China 10 10 10
Czech Republic nil (30) nil nil(31)
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 nil
India 10(9) 10(10) 10(16)
Irland nil nil nil(16)
Italy nil 10 nil(12)
Kuwait 10 10(6) 5(7)
Kyrgyzstan(20) nil nil nil
Lebanon 5 5 nil
Malta 15 10 10
Mauritius nil nil nil
Moldova 5 5 5
Montenegro 10 10 10
Norway nil nil nil
Poland 10 10 5
Qatar nil nil nil
Romania 10 10 5
Russia 5 nil nil
San Marino nil nil nil
Serbia 10 10 10
Seychelles nil nil 5
Singapore nil 10 10
Slovakia 10 10 5
Slovenia 10 10 10
South Africa nil nil nil
Sweden  5 10 nil
Syria nil 10 10
Tadzhikistan nil nil nil
Thailand 10 15 5
Ukraine nil nil nil
United Kingdom nil 10 nil
United States nil 10 nil

 

Tax treaties withholding tax tables
RECEIVED IN CYPRUS
Dividends  Interest  Royalties 
% % %
Armenia (20) nil nil nil
Austria 10 nil nil
Belarus 5 (18) 5 5
Belgium 10 (8) 10 (6,19) nil
Bulgaria 5 (23) 7 (6,24) 10(24)
Canada 15 15 (4) 10 (5)
China 10 10 10
Czech Republic nil (30) nil nil(31)
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 nil
India 10(9) 10(10) 15(15)
Irland nil nil nil(12)
Italy 15 10 nil(12)
Kuwait 10 10(6) 5(7)
Kyrgyzstan(20) nil nil nil
Lebanon 5 5 nil
Malta nil 10 10
Mauritius nil nil nil
Moldova 5(28) 5 5
Montenegro 10 10 10
Norway nil(13) nil nil
Poland 10 10(6) 5
Qatar nil nil nil(29)
Romania 10 10(6) 5(7)
Russia 5(17) nil nil
San Marino nil nil nil
Serbia(26) 10 10 10
Seychelles nil nil 5
Singapore nil 10(6,25) 10
Slovakia 10 10(6) 5(7)
Slovenia(26) 10 10 10
South Africa nil nil nil
Sweden  5(8) 10(6) nil
Syria nil(8) 10(4) 10
Tadzhikistan(20) nil nil nil
Thailand 10 15(21) 5(22)
Ukraine nil nil nil
United Kingdom 15(14) 10 nil(3)
United States 5(9) 10(10) nil

 

Notes:
1 Under Cyprus legislation ther is no withholding tax on dividends, interests and royalties paid to non-residents of Cyprus
2 In case where royalties are earned on rights used within Cyprus there is withholding tax of 10%
3 5% on film and TV royalties
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 This rate applies for patents, trademarks,designs or models, plans, secret formulas or processes,or any industrila, 
commercial or scientific experience
8 15% if received by a company controlling less than 25% of the voiting power or by an individual
9 15% if received by a person controlling less than 10% of the voiting 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 withhholding tax 
in accordance with its own legislation
12 5% on film royalties (apart from films broadcasted on television).
13 5% if received by a person controlling less than 50% of the voiting power
14 This rate applies to individual shareholders regardless of their percentage of shareholding. Companies controlling less 
than 10% of the voiting shares are also entitled to this rate. 
15 10% for payments of a technical, managerial or consulting nature
16 Treaty rate 15%, therefore restricted to Cyprus legislation rate
17 10% if dividend paid by a company in which the beneficial owner has invested less than Euro 100.000
18 If investment is less than Euro 200.000, dividends are subject to 15% withholding tax which is reduced to 10% if the
recepient company controls 25% or more of the paying company
19 No withholding tax for interest on deposits with banking institutions
20 Armenia, Kyrgyzstan, Tadzhikstan and Ukraine apply the USSR/Cyprus treaty.
21 10% on interest received by a financial institution or when it relates to sale on credit of any industrial, commercial or scientific 
equipment or of merchandise
22 This rate applies to any copyright of literary, dramatic, musical, artistic or scientific work. 10% rate applies for paents, trade marks,
designs or models, plans secret formulate or processes.
23 This rate applies to companies holding directly at least 25% of the share capital of the company paying the dividend. In all other cases 
the withholding tax is 10%
24 This rate does not apply if the payment is made to a Cyprus international business entity by a resident of Bulgaria owning
 directly or indirectly at least 25% of the share capital od the Cyprus entity
25 7% if paid to bank and financial instituion
26 Montenegro, Serbia and Slovenia apply the Yugoslavia/Cyprus treaty
27 The treaty if effective from 1 January 2009
28 This rate applies if received by a company (excluding partnership) which holds directly 25% of the shares. 10% rate applies in all
other cases.
29 Applies to any consideration for the use of, or the right to use, any copyright of literary, artistic or scientific work (including cinematograph
films and films, tapes or discs for radio or television broadcasting), computer software, any patent, trade mark, design or model, plan, secret 
formula or process, or for information concerning industrial, commercial or scientific experience
30 This rate applies if received by a company (excluding partnership) which holds directly  at least 10% of the shares for an uninterrupted period of no 
less than one year. 5% applies in all other cases
31 Tax treaties pending signature: Armenia, Bahrain, Georgia, Germany, Iran, Monaco, United Arab Emirates