Cyprus and Russia agree to double taxation treaty amendment

Cyprus and Russia agree to double taxation treaty amendment

Cyprus and Russia have reached an unexpected agreement during negotiations on the two countries' double taxation treaty, it was reported this morning. According to Constantinos Petrides, the Cypriot finance minister, Cyprus has secured its exemption from a 15% withholding tax on dividends for regulated entities, including pension funds, insurance firms and listed companies. Interest generated from bonds will also be exempt from the 15% withholding tax. Cyprus has long been an important ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.