On 22 March 2018, Cyprus signed a new tax treaty with the UK which was published in the Gazette on 2 April 2018. The treaty is based on the OECD Model Convention and its key provisions are the following: Dividends, Interest and Royalties No withholding tax (WHT) applies on dividends, interest and royalty payments with the exception of certain dividends paid out of income derived from immovable property by certain investment vehicles on which a maximum of 15% WHT may apply. Ca