Cyprus: Underlying Tax
(1) Documents needed to support the underlying tax claim
The accounts showing the profits used to pay the dividend; the notice of assessment taxing the profits used and the tax computation showing any Special Contributions payable will need to be sent to the Underlying Tax Group.
(2) Spared taxes
Credit for spared taxes is allowable in accordance with Article 24(5) of the Protocol (SI 1975 No 425) - see DT5423. If you claim such credit, attach the calculation of tax spared as prepared by the local accountants and a copy of the certificate by the tax authorities granting tax spared status.