• Cyprus - Lithuania
    Tax Treaty Signed

    10-08-2013

    Cyprus and Lithuania signed an Income Tax Treaty on 21 June 2013.

    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) which holds directly at least 10% of the capital of the company paying the dividends.
      • 5% in all other cases.

    • Interest: 0%.

    • Royalties: 10%.
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