Cyprus has concluded numerous Double Tax Agreements whilst certain other agreements are pending enforcement. The main purpose of these treaties is the avoidance of double taxation on income earned in any of these countries. Under these agreements, a credit is usually allowed against the tax levied by the country in which the taxpayer resides for taxes levied in the other treaty country and as a result the tax payer pays no more than the higher of the two rates.
Further, some treaties provide for tax sparing credits whereby the tax credit allowed is not only with respect to tax actually paid in the other treaty country but also from tax which would have been otherwise payable had it not been for incentive measures in that other country which result in exemption or reduction of tax.
 |
State
|
Date of
Signature Treaty/Protocol |
Date of entry
into force |
Date of Publication in the Official Gazette
of the Republic (Number and date) |
|
1
|
Austria
|
20 Mar 1990
21 May 2012 |
10 Nov 1990
11 Jan 2013 |
2500 27 Apr 1990
4160 5 Oct 2012 |
|
2
|
Bulgaria
|
30 Oct 2000
|
3 Jan 2001
|
3461 30 Dec 2000
|
|
3
|
Belarus
|
29 May 1998
|
12 Feb 1999
|
3273 9 Oct 1998
|
|
4
|
Belgium
|
14 May 1996
|
8 Dec1999
|
3365 19 Nov 1999
|
|
5
|
Canada
|
2 May 1984
|
3 Sep1985
|
2053 31 May 1985
|
|
6
|
China
|
25 Oct1990
|
5 Oct 1991
|
2578 22 Feb 1991
|
|
7
|
Denmark*
(New Agreement)
|
26 May 1981
11 Oct 2010 |
10 Aug 1981
10 Apr 1982 7 Sept 2011 |
1704 17 Jul 1981
2034 24 Sep 1982 4145 5 Sept 2011 |
|
8
|
Egypt
|
18 Dec1993
|
14 Mar1995
|
2865 11 Mar 1994
|
|
9
|
France
|
18 Dec1981
|
1 April 1983
|
1468 9 Jul 1982
|
|
10
|
Germany
|
9 May 1974
18 Feb 2011 |
11 Oct 1977
16 Dec 2011 |
1199 27 Jun 1975
4145 5 Sept 2011 |
|
11
|
Greece
|
30 Mar1968
|
16 Jan 1969
|
651 10 May 1968
|
|
12
|
Hungary
|
30 Nov1981
|
24 Nov 1982
|
862 7 May 1982
|
|
13
|
India
|
13 Jun 1994
|
21 Dec 1994
|
2921 4 Nov 1994
|
|
14
|
Ireland
|
24 Sep1968
|
12 Jul1970
|
726 19 May 1969
|
|
15
|
Italy
Treaty Protocol (Additional Protocol) |
24 April 1974
7 Oct 1980 4 Jun 2009 |
9 June 1983
|
1586 5 Sep 1980
4 Jun 1982 |
|
16
|
Kuwait
(New Agreement) |
15 Dec 1984
5 Oct 2010 |
25 Sep 1986
|
2026 18 Jan 1985
4145 5 Sept 2011 |
|
17
|
Lebanon
|
18 Feb 2003
|
14 Apr 2005
|
3976 8 Apr 2005
|
|
18
|
Malta
|
22 Oct 1993
|
11 Aug 1994
|
2860 25 Feb 1994
|
|
19
|
Mauritius
|
21 Jan 2000
|
12 Jun 2000
|
3410 2 Jun 2000
|
|
20
|
Norway
|
2 May 1951
|
1 Jan 1955
|
11 Jun 1956
|
|
21
|
Poland
(New agreement) |
4 Jun 1992
22 Mar. 2012 |
9 Jul 1993
11 Jan 2013 |
2735 4 Sep1992
4156 30 Mar. 2012 |
|
22
|
Romania
|
16 Nov 1981
|
8 Nov 1982
|
1757 26 Feb 1982
|
|
23
|
Russia
(Amendment Protocol) |
5 Dec1998
7 Oct 2010 |
17 Aug 1999
2 April 2012 |
3306 26 Feb 1999
4145 5 Sept 2011 |
|
24
|
South Africa
|
26 Nov 1997
|
8 Dec1998
|
3214 16 Jan 1998
|
|
25
|
Sweden
|
22 Oct 1988
|
14 Nov1989
|
2377 20 Jan 1989
|
|
26
|
Syria
|
15 Mar 1992
|
22 Feb 1995
|
2863 4 Mar 1994
|
|
27
|
Singapore
|
24 Nov 2000
|
8 Feb 2001
|
3641 30 Dec 2000
|
|
28
|
Thailand
|
27 Oct 1998
|
4 April 2000
|
3394 17 Mar 2000
|
|
29
|
United Kingdom
Treaty Protocol |
20 Jun1974
2 Apr 1980 |
1 Nov1974
|
1107 5 Jul 1974
|
|
30
|
USA
|
19 Mar 1984
|
31 Dec 1985
|
1944 4 April 1984
|
|
31
|
Serbia**
|
29 Jun1985
|
8 Sep1986
|
2073 23 Aug1985
|
|
32
|
Montenegro**
|
29 Jun1985
|
8 Sep 1986
|
2073 23 Aug1985
|
|
33
|
Slovenia**
(New Agreement) |
29 Jun1985
12 Oct 2010 |
8 Sep 1986
14 Sept 2011 |
2073 23 Aug1985
4145 5 Sept 2011 |
|
34
|
Slovakia***
|
15 April 1980
|
30 Dec 1980
|
1599 3 May1980
|
|
35
|
Czech Republic
(New Agreement) |
15 April1980
28 April 2009 |
30 Dec 1980
26 Nov 2009 |
1599 3 May1980
4114 13 Nov 2009 |
|
36
|
Azerbaijan****
|
29 Oct 1982
|
26 Nov 1982
|
|
|
37
|
Armenia
|
17 Jan 2011
|
4145 5 Sept 2011
|
|
|
38
|
Kyrgyzstan****
|
29 Oct 1982
|
26 Nov 1982
|
|
|
39
|
Moldova
|
28 Jan 2008
|
03 Sept 2008
|
4098 29 Aug 2008
|
|
40
|
Ajikistan****
|
29 Oct 1982
|
26 Nov 1982
|
|
|
41
|
Uzbekistan****
|
29 Oct 1982
|
26 Nov 1982
|
|
|
42
|
Ukraine****
(New Agreement) |
29 Oct 1982
8 Nov 2012 |
26 Nov 1982
22 March 2013 |
|
|
43
|
Seychelles
|
28 Jun 2006
|
27 Oct 2006 |
25 Oct 2006
|
|
44
|
San Marino
|
27 April 2007
|
18 July 2007
|
4088 13 July 2007
|
| 45 |
Quatar
|
11 Nov 2008
|
20 Mar 2009
|
4099 14 Nov 2008
|
|
46
|
United Arab Emirates
|
27 Feb 2011 | |
4145 5 Sept 2011
|
| 47 | Estonia |
15 Oct 2012
|
1 Jan. 2014
|
4146, 1 Feb 2013
|
| 48 |
Finland
|
15 Nov 2012
|
1 Jan. 2014
|
4167, 22 Mar. 2013
|
|
49
|
Portugal
|
19 Nov 2012
|
1 Jan. 2014
|
4167, 22 Mar. 2013
|
|
50
|
Spain
|
14 Feb 2013
|
1 Jan. 2014 |
4167, 22 Mar. 2013
|
Notes
* 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.
*** The treaty between Cyprus and the Czechoslovak Socialist Republic is still in force.
**** The treaty between Cyprus and the Union of Soviet Socialist Republics is still in force.
Theodorou Law is a Cyprus law firm with Cyprus lawyers and other legal experts on legal matters involving Cyprus law, EU law and international law. The above should be used as a source of general information only. It is not intended to give a definitive statement of the law and is subject to the disclaimer.
