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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.
  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 Sep1985
6 China 25 Oct1990 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 Dec1993 14 Mar1995
9 France 18 Dec1981 1 April 1983
10 Germany
new Agreement
9 May 1974
18 Febr 2011
11 Oct 1977
16 Dec 2011
11 Greece 30 Mar1968 16 Jan 1969
12 Hungary 30 Nov1981 24 Nov 1982
13 India 13 Jun 1994 21 Dec 1994
14 Ireland 24 Sep1968 12 Jul1970
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 Dec1998
7 Oct 2010
 17 Aug 1999
2 April 2012
24  South Africa  26 Nov 1997  8 Dec1998
25  Sweden  22 Oct 1988  14 Nov1989
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 Jun1974
2 Apr 1980
 1 Nov1974
30  USA  19 Mar 1984  31 Dec 1985
31  Serbia*  29 Jun1985  8 Sep1986
32  Montenegro*  29 Jun1985  8 Sep 1986
33  Slovenia*
(New Agreement)
 29 Jun1985
12 Oct 2010
 8 Sep 1986
14 Sept 2011
34  Slovakia**  15 April 1980  30 Dec 1980
35  Czech Republic

(new agreement)
 15 April1980

28 April 2009
 30 Dec 1980

26 Nov 2009
36  Azerbaijan***  29 Oct 1982  26 Aug 1983
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
1 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 Febr 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 Febr 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.

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