On 15 October 2015, the income and capital tax treaty between Cyprus and Switzerland entered into force. The treaty, signed 25 July 2014, 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 Rates
- Divide…