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Cyprus - Netherlands Double Tax Treaty

A new double tax treaty with The Netherlands was concluded in September 2019, the provisions of which will take effect on or after 1 January 2021.

 

The taxes that are covered are as follows: -

 

  • Dividends – the treaty provides for a 15% withholding tax on dividends unless the beneficial owner of the dividend holds at least 5% of the share capital of the dividend paying company for a period of at least one year or the beneficial owner is a recognized pension fund.

 

  • Interest and Royalties – there is no withholding tax on interest and royalties as far as the recipient is the beneficial owner of the income.

 

  • Capital gains – gains from the sale of shares of companies are taxed in the country where the seller is located, except in the case of sale of shares of immovable property companies, where the tax is levied in the country where the immovable property is located.

 

Latest news

Extension to the filing date of the personal tax return 2023

The Ministry of Finance issued an announcement in relation to the extension of the deadline for the submission of the 2023 income tax return filed by individuals not preparing audited financial statements to that of 30 November 2024.…

Published: Wednesday 30 October, 2024

Extension of the filing deadline for the individual’s tax return

The tax department announced that the deadline for the filing of the individual’s tax return and the payment of any taxes due has been extended to 31 of October 2024. Employees, pensioners, and self-employed individuals with a gross total income exceeding €19,500 in 2023 are required to f...…

Published: Monday 09 September, 2024

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Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…

Published: Wednesday 28 February, 2024