• Cyprus - Latvia
    Tax Treaty Details Become Available

    11-08-2016

    Details of the Income Tax Treaty between Cyprus and Latvia have become available.

    The Treaty was signed on 24 May 2016.

    The treaty will come into force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1 January of the calendar year next following that in which the agreement enters into force.

    In accordance with the treaty, the following withholding taxes will apply:

    • Dividends:
      • 0% if the beneficial owner is a company (other than a partnership);
      • 10% in all other cases.
    • Interest:
      • if the interest is paid by a company that is a resident of a Contracting State to a company (other than a partnership) that is a resident of the other Contracting State and is the beneficial owner of the interest;
      • 10% in all other cases.
    • Royalties:
      • if the royalties are paid by a company that is a resident of a Contracting State to a company (other than a partnership) that is a resident of the other Contracting State and is the beneficial owner of the royalties;
      • 5% in all other cases.
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