Cyprus and Switzerland, signed a protocol on Monday 21st July
2020, amending the existing double taxation agreement of 2014
intending to strengthen the framework of economic relations between
the two countries.
The singed protocol introduces the minimum standards of the Base
Erosion and Profit Shifting (BEPS) actions of the Organisation for
Economic- Co-Operation and Development, related to bilateral
agreements. The 2014 DTT's most important provisions were,
amongst others, the followings:
Withholding Tax Rates:
Dividends: 15% – of the gross amount of the
dividends.
Interests: 0% of the gross amount of the interest
Royalties: 0% of the gross amount of royalties
Capital Gains
