According to recent reports, officials from Cyprus and the Netherlands concluded negotiations with the initialing of an income tax treaty in late September 2019. The treaty is the first of its kind between the two countries and must be signed and ratified before entering into force. The treaty will reportedly provide for a 15% dividends withholding tax rate with an exemption where the beneficial owner holds at least 5% of the paying company's capital or is a pension fund. Interest and royalti…