Executive summaryCyprus’ Double Tax Treaty network has been further expanded with two new tax treaties concluded with Egypt and Kazakhstan. In addition, a Protocol for amending the existing tax treaty with Russia is now effective.This Alert summarizes the key provisions of the new tax treaties and the amending protocol which are in effect as of 1 January 2021.Detailed discussionTreaty with EgyptThe treaty with Egypt (the Treaty) provides for a 5% withholding tax on dividends if the beneficial owner of such dividend is a company (other than a partnership) which holds directly at least 20% of the capital of the company paying...