The new Income Tax Treaty between Cyprus and Norway entered into force on 8 July 2014 and its provisions will apply from 1 January 2015.
Under the treaty, withholding tax on dividends is 0% if the beneficial owner is a company (other than a partnership) which holds directly at least 10% of the capital of the company paying the dividends otherwise 15% in all other cases. There are no withholding tax on interest and royalties.
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