ARTICLE · 03 AUGUST 2020

Cyprus – Switzerland DTT And Signed Protocol

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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.

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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

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