How many tax treaties does Cyprus have?

Cyprus has 65 double taxation agreements (DTAs) in force. These treaties help prevent the same income from being taxed in both countries and typically reduce withholding tax rates on cross-border payments.

What are Cyprus's most important treaty partners?

Cyprus's major treaty partners include Russia, United Kingdom, Greece, Germany, France, and others. These treaties cover provisions for income tax, corporate tax, withholding tax on dividends, interest, and royalties.

How do Cyprus's tax treaties affect withholding rates?

Tax treaties typically reduce withholding tax rates on cross-border payments. Without a treaty, Cyprus may apply its standard withholding rates. With a treaty, rates on dividends, interest, and royalties are often reduced to 10-15% or lower. The specific rates depend on the individual treaty.

Cyprus Tax Treaties

Cyprus has approximately 65 double taxation treaties in force. Its strategic location and favorable tax regime make it a gateway between Europe, the Middle East, and Asia. Some treaties (particularly with Russia) have been affected by geopolitical developments.

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Tax Treaty Network

Double taxation agreements in force

Major Treaty Partners

RussiaUnited KingdomGreeceGermanyFranceIndiaChinaUnited StatesUAEItaly

About Cyprus's Treaty Network

Cyprus maintains a network of 65 double taxation agreements. These treaties serve to eliminate or reduce double taxation of income earned in one country by a resident of the other, and they provide mechanisms for resolving tax disputes between the two countries. The treaties typically cover income tax, corporate tax, and withholding taxes on dividends, interest, and royalties.

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Cyprus Tax Treaties

Major Treaty Partners

About Cyprus's Treaty Network

Cyprus Tax Treaties FAQ