On 3 March 2025, the Sultan of Oman issued the royal decree for the ratification of the pending income tax treaty with Cyprus. The treaty, signed 8 December 2024, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Cyprus income tax, corporate income tax, special contribution for the Defense of the Republic, and capital gains tax. It covers Omani income tax.
Withholding Tax Rates
- Dividends - 0%
- Interest - 0%
- Royalties - 8%
Capital Gains
The following …