Cyprus: tax treaties
Tax treaties and related documents between the UK and Cyprus.
Documents
Details
The protocol to the 2018 Convention was signed on 19 December 2018 and it entered into force on 2 October 2019
Effective in the United Kingdom for:
- taxes withheld at source for amounts paid or credited on or after 1 January 2019
- Income Tax and Capital Gains Tax for any year of assessment beginning on or after 6 April 2019
- Corporation Tax for any financial year beginning on or after 1 April 2019
Effective in Cyprus for:
- taxes withheld at source for amounts paid or credited on or after 1 January 2019
- other taxes from 1 January 2019
2018 Cyprus and UK Protocol to the 2018 Double Taxation Convention – in force
An amending protocol to the UK and Cyprus Double Taxation Convention was signed on 19 December 2018 in Nicosia. This entered into force on 2 October 2019 and is effective in both countries from 1 January 2019.
2018 Double Taxation Convention
The UK and Cyprus Double Taxation Convention was signed on 22 March 2018 in Nicosia. The convention entered into force on 18 July 2018.
Effective in the United Kingdom for:
- taxes withheld at source for amounts paid or credited on or after 1 January 2019
- Income Tax and Capital Gains Tax for any year of assessment beginning on or after 6 April 2019
- Corporation Tax for any financial year beginning on or after 1 April 2019
Effective in Cyprus for:
- taxes withheld at source for amounts paid or credited on or after 1 January 2019
- other taxes from 1 January 2019
The provisions of Article 25 (Mutual Agreement Procedure) and Article 26 (Exchange of Information) will have effect in both United Kingdom and Cyprus from 18 July 2018, without regard to the taxable year or chargeable period to which the matter relates.
The provisions of Article 27 (Assistance in collection) will not have effect until Cyprus confirms through diplomatic channels that it is able to provide such assistance under its domestic law whereupon (and to the extent permitted under that law) the provisions will have effect without regard to the taxable period to which the revenue claim relates.
1974 Double Taxation Convention
The Double Taxation Convention came into force on 1 November 1974 and was amended by signed protocol on 2 April 1980.
The convention is effective in Cyprus for any year of assessment beginning on or after 1 January 1973 and in the UK for:
- Corporation Tax for any year of assessment beginning on or after 1 April 1973
- Income Tax for any year of assessment beginning on or after 6 April 1973
Government service pensions under the UK and Cyprus Double Taxation Convention
The UK government has agreed with the government of Cyprus to amend the 2018 treaty in respect of government service pensions.
The amendment will allow individuals to choose which basis of taxation they want to apply to their government service pensions.
This choice can be made from 1 January 2019 and will expire on 31 December 2024.
This guidance shows you what to do. We will publish the text of the protocol after it has been signed, which is due to take place on 19 December 2018.
Updates to this page
Last updated 1 July 2022 + show all updates
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Government service pensions under the UK and Cyprus Double Taxation Convention has been updated with information about the 2018 treaty amendment on government service pensions. Information on when you can make an election to the tax authority of the country that is paying your pension has also been updated.
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2018 Cyprus-UK Double Taxation Convention as amended by the 2018 Protocol – in force has been added.
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The 2018 Cyprus and UK Protocol to the 2018 Double Taxation Convention – in force, has been added.
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An amending protocol to the UK/Cyprus Double Taxation Agreement, has been added to the page.
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Guidance on the government service pensions under the UK and Cyprus Double Taxation Convention has been added.
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The Cyprus and UK Double Taxation Convention which came into force on 18 July 2018 has been updated.
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The Cyprus and UK Double Taxation Convention which came into force on 18 July 2018 has been added.
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The Cyprus and UK Double Taxation Convention signed on 22 March 2018 has been added.
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First published.