{"id":3519,"date":"2021-08-17T21:25:46","date_gmt":"2021-08-17T18:25:46","guid":{"rendered":"https:\/\/www.gdpanayiotides.com\/?p=3519"},"modified":"2021-08-17T21:25:47","modified_gmt":"2021-08-17T18:25:47","slug":"double-tax-treaty-dtt-between-cyprus-and-the-netherlands","status":"publish","type":"post","link":"https:\/\/www.gdpanayiotides.com\/index.php\/2021\/08\/17\/double-tax-treaty-dtt-between-cyprus-and-the-netherlands\/","title":{"rendered":"Double Tax Treaty (DTT) between Cyprus and the Netherlands"},"content":{"rendered":"\n<style type=\"text\/css\" id=\"style-css-av-ksgec4wa-97a85b5e0c36e572ffc23f60dfb64538\">\n.avia-image-container.av-ksgec4wa-97a85b5e0c36e572ffc23f60dfb64538 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ksgec4wa-97a85b5e0c36e572ffc23f60dfb64538 av-styling- avia-align-center  avia-builder-el-0  el_before_av_textblock  avia-builder-el-first  '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-3520 avia-img-lazy-loading-not-3520 avia_image' src=\"https:\/\/www.gdpanayiotides.com\/wp-content\/uploads\/2021\/08\/ndta-1-1288x724-1-1210x423.jpg\" alt='' title=''  height=\"423\" width=\"1210\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p>On the 1<sup>st<\/sup>\u00a0of June 2021 Cyprus and the Netherlands signed a double tax treaty (DTT) for the avoidance of double taxation. The new DTT was ratified and published in the Official Gazette of the Republic of Cyprus on the 4<sup>th<\/sup>\u00a0of June 2021 and will enter into force once the necessary procedures are executed between the two countries. Once the DTT comes into force, it will apply on or after the 1<sup>st<\/sup>\u00a0of January of the year following the date the treaty enters into force.<\/p>\n<p>The treaty is based on the OECD Model Tax Convention and its main provisions are outlined below:<\/p>\n<p><strong>Dividends<br \/>\n<\/strong>Withholding tax of 15% except in the following two cases for which no withholding taxes are imposed:<\/p>\n<p>a) When dividends are paid to a company which holds directly at least 5% of the share capital of the company paying the dividends, throughout a 365-day period that includes the day of the dividend payment<br \/>\nor<br \/>\nb) When dividends are paid to a recognised pension fund which is generally exempt from Corporate or Income Tax<\/p>\n<p><strong>Interest<br \/>\n<\/strong>There is no withholding tax provided that the recipient of the interest is the beneficial owner of the income.<\/p>\n<p><strong>Royalties<br \/>\n<\/strong>There is no withholding tax provided that the recipient of the royalties is the beneficial owner of the income.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":3520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3],"tags":[],"class_list":["post-3519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature-news","category-tax-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Double Tax Treaty (DTT) between Cyprus and the Netherlands - G D Panayiotides &amp; Co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gdpanayiotides.com\/index.php\/2021\/08\/17\/double-tax-treaty-dtt-between-cyprus-and-the-netherlands\/\" 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