Cyprus:
Cyprus - Luxembourg Double Tax Treaty Effective As From 1 January 2019
19 December 2018
PwC Cyprus
To print this article, all you need is to be registered or login on Mondaq.com.
The first-time Double Tax Treaty (DTT) between Cyprus and
Luxembourg signed on 8 May 2017 is effective as from 1 January 2019
based on a recent update of the Cyprus Ministry of Finance.
The DTT provides for a 0% withholding tax (WHT) rate on interest
and royalties. For dividends, a 0% WHT rate applies for corporate
investors holding directly at least 10% of the capital of the
paying company; a 5% WHT rate applies in all other cases of
dividends. For background and more details, please refer to our Tax
Update Newsletter N-10-2017.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from Cyprus
Tax Saving Tips For Your Cyprus Company
McMillan Woods
Cyprus has an extensive network of double tax treaties with various countries, which can help in reducing or eliminating double taxation. Take advantage of these treaties to minimize your tax liabilities.
Tax Facts 2024
Highworth
Highworth (Cyprus) Ltd, a trusted leader in financial services, proudly presents the Tax Facts of 2024.
Green Tax Incentives - Increase In Capital Allowances
KPMG in Cyprus
Following the publication in the Government Gazette on 12 April 2024 of Law N.45(I)/2024, increased capital allowances will be granted on capital expenditure incurred during the tax years 2023-2026 ...