RENT

Rent paid by a Cyprus resident company is subject to SDC at a rate of 3% on 75% of the gross rental income. The tax is withheld at source. No tax imposed on the payment of dividends to individuals who are Cyprus tax residents but are not domiciled in Cyprus.

WITHHOLDING TAX

DIVIDENDS

Dividends paid to a non-resident (individual and company) are NOT subject to withholding tax. No tax is imposed on the payment of dividends to individuals who are Cyprus tax residents but are not domiciled in Cyprus.

INTEREST

No withholding tax is imposed on interest paid to a non-resident. Interest paid to a resident is subject to SDC deducted at source at a rate of 30% (3% on governments bonds). No tax imposed on the payment of dividends to individuals who are Cyprus tax residents but are not domiciled in Cyprus.

ROYALTIES

Royalties paid to a non-resident are subject to a withholding tax of 5% on film royalties and 10% to other royalties. Royalties paid to a non-resident for the use of rights outside the Republic.

No withholding tax on the payment of royalties by a resident company to another resident company.