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% when the beneficial owner is a company directly holding at least 10% of the paying company's capital, otherwise 5% Interest...