Ms Elena Oratis

Elena Oratis


Corporate Tax

Reduced withholding tax under Cyprus-Russia double tax agreement
Cyprus | 07 April 2017

Claims for the reduced rate of withholding tax on dividends have been the most common area of dispute under the Cyprus-Russia double tax agreement. Under the agreement, a reduced rate of withholding tax applies to dividends paid by a company resident in one contracting state if the dividends' beneficial owner is a resident of the other contracting state and has directly invested the equivalent of at least €100,000 in the company paying the dividends.