• Cyprus - Latvia
    Tax Treaty Enters Into Force

    23-11-2016

    The Income Tax Treaty between Cyprus and Latvia entered into force on 27 October 2016 and will come into effect from 1 January 2017.

    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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