General tax information – types of securities, deadlines, other market specifics – Cyprus
Reference
Types of securities
The eligible securities issued in Cyprus are as follows:
- Government bonds (in dematerialised form only);
- Corporate bonds;
- Equities, including:
- Ordinary shares (registered and bearer);
- Preference shares with or without voting rights (registered and bearer);
- Rights;
- Warrants.
Withholding Tax Services
Government bonds | Holding restriction? | Withholding tax rate | Relief at source | Quick refund | Standard refund |
Yes | 0% | ||||
Non-resident | n/a | n/a | n/a | ||
Cyprus credit institutions | n/a | n/a | n/a | ||
Corporate bonds | Holding restriction? | Withholding tax rate | Relief at source | Quick refund | Standard refund |
Yes | 0% | ||||
Non-residents | n/a | n/a | n/a | ||
| Equities | Holding restriction? | Withholding tax rate | Relief at source | Quick refund | Standard refund |
Yes | 0% | ||||
Non-residents | n/a | n/a | n/a | ||
Special defence contribution tax (SDC)
Government bonds | Holding restriction? | Withholding tax rate | Relief at source | Quick refund | Standard refund |
Yes | 0-3% a | ||||
Non-resident | n/a | n/a | n/a | ||
Cyprus credit institutions | n/a | n/a | n/a | ||
Corporate bonds | Holding restriction? | Withholding tax rate | Relief at source | Quick refund | Standard refund |
Yes | 0-3% a | ||||
Non-residents | n/a | n/a | n/a | ||
| Equities | Holding restriction? | Withholding tax rate | Relief at source | Quick refund | Standard refund |
Yes | 0-17% a | ||||
Non-residents | n/a | n/a | n/a | ||
a. Although market practice is that most issuers apply 0% SDC tax, certain issuers may decide to apply the SDC at a higher rate. Clearstream will inform clients accordingly should this be the case.
Holding requirements and/or restrictions
Please refer to the “Holding restriction" / "Investment regulation” section of the Clearstream Market Profile – Cyprus.
Capital Gains Tax
There is no capital gains tax withheld through Clearstream on securities held in Clearstream. Capital gains tax may however be payable on specific gains. Clearstream does not assist in this regard. Please consult your tax advisor for further information.
Stamp Duty
There is no stamp duty withheld through Clearstream on securities held in Clearstream. Stamp duty may however be payable on specific transactions. Clearstream does not assist in this regard. Please consult your tax advisor for further information.
