On 3 March 2025, the Sultan of Oman issued the royal decree for the ratification of the pending income tax treaty with Cyprus. The treaty, signed 8 December 2024, is the first of its kind between the two countries. Taxes Covered The treaty covers Cyprus income tax, corporate income tax, special contribution for the Defense of the Republic, and capital gains tax. It covers Omani income tax. Withholding Tax Rates Dividends - 0% Interest - 0% Royalties - 8% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed by the other State:...