News
New Double Tax Treaty between Cyprus and Barbados
On the 3 May 2017, a new agreement for the avoidance of double taxation signed between Cyprus and Barbados.
The most significant provisions of the new treaty are highlighted below:
For dividends, interest and royalties - 0% withholding tax rates on
For capital gains - Cyprus retains the exclusive taxing right on disposals by Cyprus tax residents of shares in Barbados companies (including Barbados companies holding Barbados located immovable property), except in cases where the value of the shares relates directly or indirectly to certain offshore rights/property relating to exploration or exploitation of the seabed or subsoil or their natural resources in Barbados.