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Cyprus does not levy a WHT on dividends, interest and royalties paid to non-residents of Cyprus except in the case of royalties earned on rights used within Cyprus...

For more on BEPS, read World Tax Advisor, with a "BEPS corner" in the first issue of each month.

Tax Webcast - 08 April 2016

Welcome to our new format of tax webcasts, which have taken the form of 5 minute updates. Our revamped tax webcasts will be broadcasted monthly and will replace our previous quarterly tax webcasts.

Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

On May 18, 2018, Cyprus and Andorra signed a double taxation agreement, the first between the two countries. The agreement is closely based on the latest OECD Model Convention...

In a landmark move on October 27, 2023, Cyprus took a significant step in international finance by ratifying the Double Tax Treaty with Croatia.

Firstly, it is important to understand that tax residency and legal residency are two entirely different things and it is essential not to confuse the two.

On March 17, 2015, Cyprus signed a new double taxation agreement with Bahrain. Like all of Cyprus's recent DTAs, it closely follows the 2010 OECD Model Tax Convention.

In continuation of the ratification of the Cyprus-Iran Double Tax Treaty in January 2017, the Cyprus Government has announced that the Cyprus-Iran Double Taxation Treaty has now entered into force...

The Isle of Man and the Czech Republic signed a Tax Information Exchange Agreement (TIEA) on 18 July to regulate and facilitate the exchange of tax information between them.

On January 22 2020 the instrument of ratification of the Multilateral Convention to Implement Tax Treaty Related Matters (MLI), and the Cyprus position on the minimum standards of the MLI and...

Recently there have been new changes on the South Africa – Cyprus Double Tax Treaty. New changes are now in force as they have now been ratified by both countries.

The EU Blue Card is a residence permit scheme designed to enable highly skilled non‑EU nationals to live and work in Cyprus, particularly in sectors experiencing a shortage of qualified professionals.

Double Tax Avoidance Agreement (DTAA) was signed between Cyprus and Saudi Arabia on 03 January 2018, in Riyadh for the avoidance of double taxation between two countries and</strong> the prevention of tax evasion

The Cyprus Tax Department has issued new guidance strengthening due diligence requirements for financial institutions under DAC2/CRS, specifically targeting potential misuse of Citizenship by Investment and Residence by Investment schemes. Financial institutions must now implement enhanced verification procedures to ensure accurate reporting of account holders' tax residency, with immediate application to new clients and a six-month compliance window for existing accounts.

On March 9 2015 Cyprus signed a new double tax agreement with Bahrain. Like all of Cyprus's recent double tax agreements, it closely follows the 2010 Organisation for Economic Cooperation and Development Model Tax Convention.