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.