CYPRUS DOUBLE TAX TREATIES

CYPRUS DOUBLE TAX TREATIES

Cyprus Double Tax Treaties

A comprehensive network of double taxation treaties has been integral to Cyprus’s success as a financial centre. It has concluded tax treaties with more than 55 countries, and treaties are under negotiation, or awaiting ratification.

Most of the Treaties follow the OECD model and their objective is that of reducing or eliminating the double taxation payments imposed by the Contracting states on cross border transactions.

This is beneficial for trading and investment activities with other countries through Cyprus. Foreign investors have the opportunity to facilitate investments and trading through Cyprus, with a country that Cyprus has a treaty with, allowing for a reduction or elimination of the withholding taxes.

You can find all the Double Taxation Agreements here