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HMRC internal manual

Double Taxation Relief Manual

Cyprus: Dividends

The Cyprus tax deducted from a dividend paid by a Cyprus company is company tax (see INTM164010(e)).

Credit for such tax is not due to portfolio shareholders (see INTM164010(f)).

Where a Cyprus company pays a dividend to a United Kingdom company controlling, directly or indirectly, at least 10 per cent of the voting power in the Cyprus company, credit may be given for the underlying tax (see INTM164010(d)).