|Rates Details||Individuals %||Other Persons %|
Interest [except interest accrued to any personfrom the ordinary carrying on of his business, which is exempt); interest received by a Group Finance Company from its group company members (>50% directly or indirectly or exercise of control) is deemed as accrued from the ordinary carrying on of its business and therefore exempt]
Dividends received or deemed to be received from a company resident in Cyprus
|Dividends received from abroad||15||(1)|
Interest from savings certificates and development stocks issued by the Government
|Interest accrued from the provident fund||3|
|Profits of a Public Corporate Body||3|
Rents (reduced by 25% instead of actual expenses)
(1) In the case that the dividends are received from a company where the shareholders hold directly at least 1% of the share capital, then the dividends are exempt from the payment of special contribution.
This exception does not apply if:
- The company paying the dividend engages more than 50% in activities that lead to investment income, and
- The foreign tax burden on the income of the company paying the dividend is substantially lower than the tax burden of the company that receives the dividend.