An income and capital tax treaty between Cyprus and Guernsey was signed on 15 July 2014 in Nicosia and 29 July in St. Peter Port. The treaty is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Guernsey income tax, and the following Cyprus taxes:
- Income tax
- Corporate income tax
- Special contribution for the defense of the republic
- Capital gains tax
Withholding Tax Rates
- Dividends - 0%
- Interest - 0%
- Royalties - 0%
Offshore PE
The treaty includes…