Blog
Cyprus gains in Russia Double Tax Treaty agreement (Updated)
August 11, 2020
by Philippe Orphanides
Cyprus and Russia have just agreed on an amendment of the double taxation treaty between the two countries, according to Cypriot Finance Minister Constantinos Petrides, cutting short the two-day negotiation agenda initially scheduled.
The Cypriot side ensured, among other things, the exemption from a 15 per cent withholding tax on dividends for regulated entities, such as pension funds and insurance companies, as well as listed companies.
In addition, interest payments from corporate and government bonds as well as Eurobonds are excluded from the 15 per cent withholding tax in the new Cyprus Russia Double Tax Treaty.