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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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