Double Taxation Treaty between Cyprus and Kazakhstan

Double Taxation Treaty between Cyprus and Kazakhstan

Warsaw, 22 October 2019

Cyprus and Kazakhstan signed a Double Taxation Treaty (the “DTT”). The DTT was ratified by Cyprus on 24 May 2019 and it is expected to become effective on or after 1 January of the year following that in which all legal procedures are completed for the DTT to enter into force.

The main provisions of the DTT are outlined below:

  • Maximum of 5% withholding tax on dividend payments if the beneficial owner is a company (other than a partnership) which holds directly at least 10% of the capital of the company paying the dividends. In all other cases, there shall be a maximum of 15% withholding tax.
  • Maximum of 10% withholding tax on interest payments if the recipient of the interest is the beneficial owner of such income.
  • Maximum of 10% withholding tax on royalty payments, if the recipient of the royalties is the beneficial owner of such income.

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