I just read that SDC is applied to some income types earned by Cyprus tax resident companies(ie. companies with local director). So I personally might be exempt from SDC on dividends from my Cyprian company but if I am tax resident in Cyprus and I am also a director, in order to be able to get the 2 months
tax residency, the company is considered a tax resident of Cyprus and will be subject to the SDC on its income:
Dividend income: 17%
Interest income: 30%
Interest received by an individual from Government Savings Certificates, Government Bonds and Corporate Bonds: 3%
Interest earned by an approved provident fund: 3%
Interest earned by the Social Insurance Fund: 3%
Rental income less 25%: 3%
source:
deloitte