On 19 June 2015, the Swiss parliament announced that it has approved for ratification the pending income and capital tax treaty with Cyprus. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Swiss federal, cantonal and communal taxes on income and capital, and covers the following Cyprus taxes:
- Income tax;
- Corporate income tax;
- Special contribution for the defense of the republic;
- Capital gains tax; and
- Immovable property tax
Withholding Tax R…