• Cyprus - Switzerland
    Tax Treaty Signed

    29-07-2014

    Cyprus and Switzerland signed an Income and Capital Tax Treaty on 25 July 2014.

    It is the first agreement of this kind to be signed between the two countries and is expected to contribute to the positive development of bilateral economic relations.

    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) whose capital is divided, in whole or in part, into shares and which holds directly at least 10% of the capital of the company paying the dividends for an uninterrupted period of at least 1 year.
      • 0% if the beneficial owner is a pension fund or other similar institution offering pension schemes in which individuals can participate for their retirement pension.
      • 15% in all other cases.

    • Interest: 0%.

    • Royalties: 0%.
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