The income tax treaty between Cyprus and Luxembourg was signed on 8 May 2017. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Cyprus income tax, corporate income tax, the special contribution for the defence of the republic, and capital gains tax. It covers Luxembourg income tax on individuals, corporation tax, capital tax, and communal trade tax. Withholding Tax Rates Dividends - 0% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 5% Interest - 0% Royalties - 0% Capital Gains The following...