Cyprus has established Double Taxation Treaties with multiple countries that aim to remove the double taxation of income or gains that arises in one region to another region.
They work by dividing the tax rights each country claims by its domestic laws over the same income and gains.
Cyprus’ double taxation treaties could involve the following:
- describe which taxes are applicable and who is a resident and therefor entitled for benefits,
- shrink the amounts of tax withheld from interest, dividends, and royalties paid by a resident of one country to residents of the other country,
- limit tax of one country on business income of a resident of the other country to that income from a permanent establishment in the first country,
- outline situations in which income of individuals resident in one country will be taxed in the other country, including wage, self-employment, pension, and other earnings,
- exemption of certain types of organizations or individuals, and
- practical frameworks for implementation and dispute resolution.
Below you’ll find a list of countries which has signed double taxation treaties with Cyprus.
State
|
Date of
Signature
Treaty/Protocol/
Note
|
Date of entry
into force
|
|
1
|
Austria
|
20 Mar 1990
21 May 2012 |
10 Nov 1990
11 Jan 2013
|
2
|
Bulgaria
|
30 Oct 2000
|
3 Jan 2001
|
3
|
Belarus
|
29 May 1998
|
12 Feb 1999
|
4
|
Belgium
|
14 May 1996
|
8 Dec 1999
|
5
|
Canada
|
2 May 1984
|
3 Sep 1985
|
6
|
China
|
25 Oct 1990
|
5 Oct 1991
|
7
|
Denmark
Treaty
Notes
New Agreem.*
|
26 May 1981
11 Oct 2010 |
10 Aug 1981
10 Apr 1982
7 Sept 2011
|
8
|
Egypt
|
18 Dec 1993
|
14 Mar 1995
|
9
|
France
|
18 Dec 1981
|
1 April 1983
|
10
|
Germany
new Agreement |
9 May 1974
18 Feb 2011
|
11 Oct 1977
16 Dec 2011 |
11
|
Greece
|
30 Mar 1968
|
16 Jan 1969
|
12
|
Hungary
|
30 Nov 1981
|
24 Nov 1982
|
13
|
India
|
13 Jun 1994
|
21 Dec 1994
|
14
|
Ireland
|
24 Sep 1968
|
12 Jul 1970
|
15
|
Italy
Treaty
Protocol
(Additional Protocol)
|
24 April 1974
7 Oct 1980 4 Jun 2009 |
9 June 1983
|
16
|
Kuwait
(New Agreement) |
15 Dec 1984
5 Oct 2010
|
25 Sep 1986
|
17
|
Lebanon
|
18 Feb 2003
|
14 Apr 2005
|
18
|
Malta
|
22 Oct 1993
|
11 Aug 1994
|
19
|
Mauritius
|
21 Jan 2000
|
12 Jun 2000
|
20
|
Norway
(new agreement) |
2 May 1991
24 Feb 2014
|
1 Jan 1995
|
21
|
Poland
(new agreement)
|
4 Jun 1992
22 Mar. 2012 |
9 Jul 1993
11 Jan 2013
|
22
|
Romania
|
16 Nov 1981
|
8 Nov 1982
|
23
|
Russia
(Amendment Protocol)
|
5 Dec 1998
7 Oct 2010 |
17 Aug 1999
2 April 2012
|
24
|
South Africa
|
26 Nov 1997
|
8 Dec 1998
|
25
|
Sweden
|
22 Oct 1988
|
14 Nov 1989
|
26
|
Syria
|
15 Mar 1992
|
22 Feb 1995
|
27
|
Singapore
|
24 Nov 2000
|
8 Feb 2001
|
28
|
Thailand
|
27 Oct 1998
|
4 April 2000
|
29
|
United Kingdom
Treaty
Protocol
|
20 Jun 1974
2 Apr 1980 |
1 Nov 1974
|
30
|
USA
|
19 Mar 1984
|
31 Dec 1985
|
31
|
Serbia*
|
29 Jun 1985
|
8 Sep 1986
|
32
|
Montenegro*
|
29 Jun 1985
|
8 Sep 1986
|
33
|
Slovenia*
(New Agreement)
|
29 Jun 1985
12 Oct 2010 |
8 Sep 1986
14 Sept 2011
|
34
|
Slovakia**
|
15 April 1980
|
30 Dec 1980
|
35
|
Czech Republic
(new agreement)
|
15 April 1980
28 April 2009 |
30 Dec 1980
26 Nov 2009
|
36
|
Azerbaijan***
|
29 Oct 1982
|
|
37
|
Armenia
|
17 Jan 2011
|
19 Sept 2011
|
38
|
Kyrgyzstan***
|
29 Oct 1982
|
26 Aug 1983
|
39
|
Moldova
|
28 Jan 2008
|
03 Sept 2008
|
40
|
Ajikistan***
|
29 Oct 1982
|
26 Aug 1983
|
41
|
Uzbekistan***
|
29 Oct 1982
|
26 Aug 1983
|
42
|
Ukraine***
(new agreement) |
29 Oct 1982
8 Nov 2012
|
26 Aug 1983 Jan 2014
|
43
|
Seychelles
|
28 Jun 2006
|
27 Oct 2006
|
44
|
San Marino
|
27 April 2007
|
18 July 2007
|
45
|
Quatar
|
11 Nov 2008
|
20 Mar 2009
|
46
|
United Arab Emirates
|
27 Feb 2011
|
1 Jan 2014
|
47
|
Estonia
|
15 Oct 2012
|
8 Oct. 2013
|
48
|
Finland
|
15 Nov 2012
|
27 Apr. 2013
|
49
|
Portugal
|
19 Nov 2012
|
1 Jan. 2014
|
50
|
Bosnia*
|
29 June 1985
|
8 Sept 1986
|
51
|
Lithuania
|
21 June 2013
|
1 Jan 2015
|
52
|
Spain
|
14 Feb 2013
|
28 May 2014
|
53
|
The States of Guernsey
|
15 Jul 2014 in Cyprus, 29 Jul 2014 in Guernsey
|
|
54
|
Swiss Confederation
|
25 July 2014
|
Notes
*7 Denmark – The existing Convention shall cease to have effect as from 1.1.2012
* The treaty between Cyprus and the Socialist Federal Republic of Yugoslavia is
still in force.
** The treaty between Cyprus and the Czechoslovak Socialist Republic is still in
force
***The treaty between Cyprus and the Union of Soviet Socialist Republics
is still in force.