| CYPRUS - Double tax treaties with 34 countries
Treaty with India
Russia | Poland
| Romania | Hungary
| Ireland | Greece
| Czech Rep | India
| Sweden
The treaty concluded between Cyprus and India applies in the case
of Cyprus
IBCs (offshore companies)
with no restrictions.
The treaty provides:
- elimination of double taxation in India by way of tax credit
- there are reduced withholding taxes for dividends, interest
and royalties
- there are tax sparing provisions in India for tax not imposed
by Cyprus because of tax incentives in Cyprus (dividends, interest,
royalties)
capital gains from the sale of shares in Czech companies are taxed
in Cyprus only
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