The Lithuanian Ministry of Foreign Affairs recently announced that the income tax treaty by Lithuania and Cyprus entered into force on 17 April 2014. The treaty was signed 21 June 2013, and is the first of its kind between the two countries.
Taxes Covered
The treaty covers Lithuanian profit tax and income tax, and the following Cyprus taxes:
- Income tax
- Corporate income tax
- Special contribution for the defense of the republic
- Capital gains tax
Withholding Tax Rates
- Dividends - 0% whe…