The income tax treaty between Cyprus and UAE became effective as of 1 January 2014. The treaty was signed on April 02, 2013.
Under the treaty, there is no withholding tax on interest, royalties and dividends. Capital gains from the disposal of immovable property are taxed in the country where the immovable property is situated. Gains from the disposal of shares are taxed in the country of which the seller is resident
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