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  • Dividends are exempt from corporation tax
  • Dividends received by a company are not subject to Special Defence Contribution (SDC) unless:

The non-resident company paying the dividend engages directly of indirectly by more than 50% in activities that lead to investment income and the overseas tax burden on its income is significantly lower than the Cyprus tax burden (less than 5%) or

The dividends paid by a resident company to another resident company are exempt from SDC.

KSA

KSA