An income and capital tax treaty between Cyprus and Guernsey was signed on 15 July 2014 in Nicosia and 29 July in St. Peter Port. The treaty is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Guernsey 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% Interest - 0% Royalties - 0% Offshore PE The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise of one Contracting Party...