February Direct Taxation Newsletter - Issue 03/2023

We would like to remind you about the amendments in the Special Defence Contribution Law and the Income Tax Law, which are effective as from 31 December 2022, regarding the imposition of withholding taxes under certain conditions upon the payment of dividends, interest or royalties by a Cyprus tax resident company to companies in jurisdictions included in the EU Blacklist of non-cooperative jurisdictions, and the tax residency of Cyprus companies.