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General tax information – types of securities, deadlines, other market specifics – Cyprus

25.11.2024

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 contribution for Defence Tax

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 Banking 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 Banking Market Profile – Cyprus.

Capital Gains Tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Stamp Duty

There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Further Cyprus Tax information