Double Tax Treaty between Cyprus and Greece - Dividend Confirmation

The Cyprus Tax Department recently issued a Circular announcing the release of a confirmation which should be used whenever dividends are paid from a Cyprus company to Greek tax residents. The confirmation will be issued by the Cyprus Tax Department and is purported to be provided to the Greek Tax Authorities when requested.

In summary, through the confirmation it is declared that the dividend-paying company is a tax resident of Cyprus and that all of its profits are taxed in Cyprus and that it has settled any taxes due in relation to the year/s for which dividends are paid. The shareholders of the company are also stated, together with their holding percentage, as well as the profits of and dividends paid by the company over a series of years and details of the profit before tax, the taxable income and the tax paid for each of those years.

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