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Tax Treaty between Barbados and Cyprus has Entered into Force

05 February 2018

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Treaty Development

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Barbados-Cyprus

According to an update from the Cyprus Ministry of Finance, the income tax treaty with Barbados entered into force on 11 September 2017. The treaty, signed 3 May 2017, is the first of its kind between the two countries. Taxes Covered The treaty covers Barbados income tax and corporation tax, and covers Cyprus income tax, corporate income tax, the special contribution for the defense of the Republic, and capital gains tax. Withholding Tax Rates Dividends - 0% Interest - 0% Royalties - 0% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed...