Cyprus Tightens Tax Rules on Low-Tax and Blacklisted Jurisdictions
Cyprus has amended its tax legislations to tighten the rules on outbound payments to associated companies located in low-taxed jurisdictions (as well as their permanent establishments). The pre-existing withholding tax (‘WHT’) provisions, targeting EU blacklisted jurisdictions, as well as the new rules, are summarized below: Jurisdiction of Payee Dividends Interest Royalties EU Blacklisted (Pre-existing: effective […]
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