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Double Tax Treaties

The fundamental reason to Cyprus's establishment as a financial centre is the broad network of the double tax treaties with over 40 countries, and new treaties are subject to negotiations, or awaiting endorsement..

The main purpose of the Treaties (OECD model) is to avoid the double taxation payments imposed by the Contracting states on cross border transactions, which benefits and encourages investment and trading activities with other countries through Cyprus.

Foreign investors have the opportunity to facilitate investments and trading through Cyprus, with a country that Cyprus has a treaty with, allowing for a reduction or elimination of the withholding taxes.

List of countries with Double Tax Treaties-attach list-

http://mof.gov.cy/en/taxation-investment-policy/double-taxation-agreements/double-taxation-treeties


  State
Date of Signature Treaty / Protocol / Note
Date of entry into force
Publication in the Official Gazette of the Republic
(Number, date, text document)
1 Andorra 18/5/2018   4240-1/6/2018
2 Armenia 17/01/2011 19/09/2011 4145 - 05 /09/ 2011
3 Austria
(new agreement)
20/03/1990
21/05/2012
01/01/1991
01/04/2013
2500 - 27 /04/ 1990
4160 - 05 /10/ 2012 
4 Azerbaijan*** 29/10/1982 26/08/1983 26/11/1982
5 Barbados 03/05/2017 11/09/2017 4226 – 12/05/2017
6 Belarus 29/05/1998 12/02/1999 3273- 09 /10/ 1998
7 Belgium 14/05/1996 08/12/1999 3365 - 19 /11/ 1999
8 Bosnia* 29/06/1985 08/09/1986 2073 - 23 /08/ 1985
9 Bulgaria 30/10/2000 03/01/2001 3461 - 30 /12/ 2000
10 Canada 02/05/1984 03/09/1985 2053- 31 /05/ 1985 
11 China 25/10/1990 05/10/1991 2578 - 22 /02/ 1991
12 Czech Republic
(new agreement)
15/04/1980
28/04/2009
30/12/1980
26/11/2009
1599 - 03 /05/ 1980
4114 - 13 /11/ 2009
13 Denmark
(new agreement)
26/05/1981
11/10/2010
10/04/1982
07/09/2011
1704 - 17 /07/ 1981  
4145- 05 /09/ 2011 
14 Egypt 19/12/1993 14/03/1995 2865 - 11 /03/ 1994
15 Estonia 15/10/2012 08/10/2013 4164 - 01 /02/ 2013
16 Ethiopia 30/12/2015  18/10/2017 4204 – 18 /01/ 2016
17 Finland 15/11/2012 28/04/2013 4167 - 22 /03/ 2013
18 France 18/12/1981 01/04/1983 1468 - 09 /07/ 1982
19 Georgia 13/05/2015 04/01/2016 4196 - 29 /05/ 2015
20 Germany
(new agreement)
09/05/1974
18/02/2011
11/10/1977
16/12/2011
1199 - 27 /06/ 1975
4145 - 05 /09/ 2011
21 Greece 30/03/1968 16/01/1969 651 - 10 /05/ 1968
22 Hungary 30/11/1981 24/11/1982 862 -07 /05/ 1982
23 Iceland 13/11/2014 22/12/2014 4191 - 19 /12/ 2014
24 India
(new agreement)
13/06/1994
18/11/2016
21/12/1994
14/12/2016
2921 - 04 /11/ 1994
4216 - 25 /11 / 2016
25 Iran 04/08/2015  05/03/2017 4198 - 25 /08/ 2015
26 Ireland 24/09/1968 12/07/1970 726 - 19 /05/ 1969
27 Italy (new protocol) 24/04/1974
04/06/2009
09/06/1983
23/11/2010
1586 - 05 /09/ 1980
4125 - 04 /06/ 2010
28 Jersey 11/07/2016  17/02/2017 4213 – 5 /08 /2016
29 Kingdom of Bahrain 09/03/2015 26/04/2016 4193 - 20 /03/ 2015
30 Kuwait
(new agreement)
15/12/1984
05/10/2010
25/09/1986
30/08/2013
2026 - 18 /01/ 1985
4145 - 05 /09/ 2011
31 Kyrgyzstan*** 29/10/1982 26/08/1983 26/11/1982
32 Latvia 24/05/2016 27/10/2016 4211 - 03 /06 /2016 
33 Lebanon 18/02/2003 14/04/2005 08/04/2005
34 Lithuania 21/06/2013 17/04/2014 4173 - 04 /12/ 2013
35  Luxembourg 08/05/2017  23/04/2018  4235-29/12/2017
36 Malta 22/10/1993 11/08/1994 2860 - 25 /02/ 1994
37 Mauritius
(new protocol)
21/01/2000
23/10/2017
12/06/2000  2/5/2018 3410 - 02 /06/ 2000  
4233 – 17/11/2017
38 Moldova 28/01/2008 03/09/2008 4098 - 29 /08/ 2008
39 Montenegro* 29/06/1985 08/09/1986 2073 - 23 /08/ 1985
40 Norway
(new agreement)
02/05/1991
24/02/2014
01/01/1995
08/07/2014
11/06/1996
4180 - 20 /06/ 2014
41 Poland
(new agreement)
04/06/1992
22/03/2012
07/07/1993
09/11/2012
2735 - 04 /09/ 1992
4156 - 30 /03/ 2012
42 Portugal 19/11/2012 01/01/2014 4167 - 22 /03/2013
43 Qatar 11/11/2008 20/03/2009 4099 - 14 /11/ 2008
44 Romania 16/11/1981 08/11/1982 1757- 26 /02/ 1982
45 Russia
(amending protocol)
05/12/1998
07/10/2010
17/08/1999
02/04/2012
3306 - 26 /02/ 1999
4145 - 05 /09/ 2011
46 San Marino
(amending protocol)        
27/04/2007
19/05/2017
18/07/2007
 27/6/2018
4088 - 13 /06/ 2007
4230 - 30 /06/ 2017
47 Saudi Arabia 03/01/2018    4237 – 05/03/2018
48 Serbia* 29/06/1985 08/09/1986 2073 - 23 /08/ 1985
49 Seychelles 28/06/2006 27/10/2006 25/10/2006
50 Singapore 24/11/2000 08/02/2001 3641 - 30 /12/ 2000
51 Slovakia** 15/04/1980 30/12/1980 1599 - 03 /05/ 1980
52 Slovenia*
(new agreement)
29/06/1985
12/10/2010
08/09/1986
14/09/2011
2073 - 23 /08/ 1985
4145 - 05 /09/ 2011
53 South Africa
(amending protocol)
26/11/1997
01/04/2015
08/12/1998
18/09/2015
3214 - 16/01/1998
4195 - 08 /05/ 2015
54 Spain 14/02/2013 28/05/2014 4167 - 22 /03/ 2013
55 Sweden 25/10/1988 14/11/1989 2377 - 20 /01/ 1989
56 Swiss Confederation 25/07/2014 15/10/2015 4181 - 30 07/ 2014
57 Syria 15/03/1992 22/02/1995 2863 - 04 /03/ 1994
58 Thailand 27/10/1998 04/04/2000 3394 - 17 /03/ 2000
59 The States of Guernsey 15 /07/ 2014 (in Cyprus),
29 /07/2014 (in Guernsey)
04/03/2015 4182 - 14 /08/ 2014
60 Ukraine***
(new agreement)
(amending protocol)
29/10/1982
08/11/2012
11/12/2015
26/08/1983
19/08/2013  
26/11/1982
4167 - 22 /03/ 2013
4203 - 23/12/2015
61 United Arab Emirates 27/02/2011 01/01/2014 4145 - 05 /09/ 2011
62 United Kingdom
(amending protocol)
(new agreement)
20/06/1974
02/04/1980
22/3/2018
18/03/1975
15/12/1980
18/7/2018

1107 - 05 /07/ 1974
4238 - 2/4/2018
63 USA 19/03/1984 31/12/1985 1944 - 04 /04/ 1984
64 Uzbekistan*** 29/10/1982 26/08/1983 26 /11 1982
Notes

*7 Denmark - The existing Convention shall cease to have effect as from 1.1.2012

* The treaty between Cyprus and the Socialist Federal Republic of Yugoslavia is
still in force. It shall cease to apply between Cyprus and Slovenia as from 1.1.2012

** The treaty between Cyprus and the Czechoslovak Socialist Republic is still in
force.The said treaty has ceased to apply between Cyprus and Chech Republic as
from 1.1.2010, date of application of the provision of the new agreement.

***The treaty between Cyprus and the Union of Soviet Socialist Republics
is still in force.

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