Cyprus:
Cyprus Tax News - Tax Treaty signed with Latvia
15 June 2016
Deloitte Cyprus
To print this article, all you need is to be registered or login on Mondaq.com.
On 24 May 2016, Cyprus signed its first tax treaty with Latvia,
an EU member state bordered by Belarus, Estonia, Lithuania and
Russia.
The treaty, which was published in the Cyprus official gazette
on 3 June 2016, is based on the OECD model treaty, and its main
provisions are as follows:
Dividends and interest: Nil withholding tax
(WHT) will apply to dividends or interest paid to a company (other
than a partnership) resident in the other contracting state that is
the beneficial owner of the dividends/interest; otherwise, the rate
will be 10%.
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 ...