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ΕΠΙΣΗΜΟΣ ΕΦΗΜΕΡΙΣ ΤΗΣ 9ης IΟΥΛIΟΥ
1982
5. The provisions
οί
paragraph.s 1 and 2 shaH
ηot
apply
ίί
the beneficial owner
οί
th'e divIidends.
being a
resίdent
of a State, carries
οη
business
ίn
the oLher
S'taιte οί
which the rompany paying the
diνidends
is a
resίdent,
through a permanent
establishment
situaιted thereίn, οτ peflfoιms ίη
that
other Starte independeot
ρersonal serνices
f.rom a
.
ίίχώ
base
SΊtuated
therein, and the
hoιlding ίη
respect
of
wmch
~he diνidends
are paid is
effeιcΙί
vely
oonnedted
WΊth
such permanen1: es'tabI:ish–
ment
or
fixed
base.
In
suoh oase the
proνi'SΙΪons
οί Artίcle
7
οτ
A,rticle
15,
asthe case may
be,
shall apply.
6.
Α
resident
οί
Cyprus who
receίves diνidends
paίd
by a
oompιaηy
wrnoh is a
resίdent οί
Frnnce
may obitain 1Jhe refund
of
the prepayment (pre–
oompte)
relatίng
to
such
αινtίdends,
in
1:Jhe event
ίι
had been
paid
by suoh oompany. Such refund
shall
be
taxaιble
in
Franceacoording to the pro–
v,iSΊons σf
paragraph
2.
The gross amount ofVhe prepayment (pre–
oompte) refunded
shall be deemed
to
be
dliνιidend'S
ίοτ
the purposes
οί
theprovIsions
οί
this Con–
vention.
7.
W'here a
oomρany whίcJh
is a
reSΊdent
of
a
State
carries
οη
business
ίη
the otJher Sta,te
through a permanent
establIίshment
situated
therein, the profits
οί
this
ρermanent
establishment
shall, after haV1ing bomethe
CoI1pOraιtiQn
tax, be
liaJble
tΌ
a tax 'bhe
mte
σί
which sha:.I!l not exceed
10
per cent,
accordίng
to trhe laws
σf rtι~t
ot:her
StaIte.
ARTICLE
11
INTER!EST
Ι. Inιterest
arising
ίη
a State and
paid
to a re–
sident
οί
the other State may
be
taxed
ίη
that
otJher StaJte.
2.
However, suoh interest may also betaxed
ίη
the Sta:te
ίn
whidh
ίί
al'lises, and
accordιing
to
d1e l'aws
σf rtιat
State, but
ϊί
the redipient is 1Jhe
beneficial owner of the intereSt thetax
$Ο
oha:rged
shall
nοΙ
exceed
Ι Ο
per cent
of
tJhe gros's amount
οί
the
initereιst.
3.
Nσtw~thstanding
the
proV'i'sioπs οί
para–
graph
2,
any such interest as
is
men'tiσneJd ίη
paragmph
Ι
shall
be tamble only
in
the
S/tJaιte
αf
which the
reoipίent
is a resident, i,f sUdh re–
aipientis trhe benemoial owner
οί
the interest and
if
such interes1 is
paJίά:
(a)
'to
tJhat Starte or a statatory
bodιy οί
that
Sta-te,
(Ib)
ίη
connection
wi~h
the sale
ση crediί:t οί
'any industrial, oommercial
οτ
scienllJific
eq
uipment,
(c)
ίη
connectiO'n with the sale
οη credιίt οί
'any merchandise by one
enιιerprise Ιο'
anσvher eηteφΙ1se, σr,
(d)
οη
any loan
of
wha'tever 1cind granted
by a bank,
οτ guaraπteed
by a State or
a statuItory body of th,aJt S'tate.
4.
The
teπn
"interest:" as used
ίη
this
Artιicle
means income from debt-claims
σf
every kind,
whether or not secured by mortgage and whether
or
οοι
carrying a ri.ght
to
pιaItίdpate ίη
the
debιor's prσfJίts,
and
ίn ρaTticular,
income from
governme~ secuήtJies
and income from bonds or
debentures, inoluding premiums and prizes
aιttacJh
ing
to
sucb secutities, bonds or debentures.
PenaIty charges
ίσΓ
late
paymenιt: shaιD nΟΙΙ
be
regarded as interest for the purpose
οί
this Article.
5.
The
proνisions
of
paragraphs
1,
2
and
3
shall
ησΙ apρly
if the
beneίiioίaJl
owner of the
interest. being a
resίdent
of a
State
car,ries
οη
bu–
sίness ίn
the other State
ίη
which the interest
arises, through a permanent estab]jshrnent situated
rhereίn,
or performs
ίn
that
σtJher
State indepen–
dent pelOOnal
serνices froιn
a
~ίxOO
base
situated
therein. and the debt-claim
ίπ
respect
oιf
which
the interest is pa:id is effectively conneoted
M,th
such
pemιanent estaιblIishment
or
ώΟΟ
base.
Ιn
suoh case the provisions of
AI1tIίcle
7
οτ
Article
15,
as
~he
oase may be shall apply.
6.
Interest shall be deemed to arise in
a
State
when the
ρayer
is that
sαι:te
itself, a territori'al
au,thomιty,
a
ρo1iιtical suIbdivίision,
a looal
authοή
ty, a staJtll,tory body or a resident
αf
tha-t
S'tιte.
W~here,
however,
~he ρerson
paying 1!he interest,
wheili.er he is a resi'dent
σf
a Sta'te
or
not,
has
ίη
a State a
ρermanenιt
estaibl!ishment
οτ
a nxel base
ίη οοηηeoαιση
with which the
indebιtedness οη
w'hιί()h
the inJterest is paid wa's incu'rred, and
suctι
inJterest: is bome by such
ρeιmanenlt estaJb.Iιishment
or
ίίΧΟΟ
bas'e, tJhen such interest shaHbe deemed
to a:rise
ίn
the State
ίη
whIioh the
ρennanent
est'a!blishmen:t
οτ ~ίxOO
base i's situated.
7.
WΙhere,
by reason
σf
a speoial
relaιtionship
beJtween tlhe payer and the beneficial owner or
OOΙWeen
both
οί
them and some
σther ρeroon,
the
amount ofthe interest, having regardto the
deJbt-olaim fur wh!ioh
ίί
is
paid, exceeds t:he
amounJt
whi~h
would have
been
agreed
υΡοη
by
1!he payer and ,the beneficia:l owner in
tlιe ~bsence
df
such
rel'a!t1ίbnship,
the
p'roVlΪ'sions
of
Vh!is
Mbicle
sh~H
apply
onιl,y
tJO
Vhe last-menti:oned
amount.
Ιη
such
caιse,the
excees
ρar.t σf
the
ριayments
sha:H rema!in ttaxable
acoordlίng ιtΌ
11he laws
οί
eaoh
~te,
du'e regard b'eing h'ad to Vhe
σt:her proν,ί
sions
σί tJhi~s
Convention.
ARTICLE
12
ROYALTIES
1.
Royιa
I
1ties
arising
ίη
a S'tate and
pa:id
to
a
resίdenιt αf
Vh'e other S'tJa:te rnay be taxed
ίη
th·at
other
Stare.
2.
No'twιiJuhs'tanding
tJhe
proV1i:sionιs οί
para–
grιa:ph
lroyal'tJies received as
conSideratίon
fur
the ase
σί,
or tJhe right
10 .
use, cinema!togmph
f.ilmIs inc1ud
1
ing film,s and video tapes for
televιi
sίΌη
m'ay be taxed
ίη,
and
a:cc:ord:ί-ηg ΙΟ'
the law
σf,
the State from
whιίoh
they 'are
der.ίved,
but t'he
tax
sό oh~rged
shall
ησ!
exceed 5 per
cenιt:
of
t'he
gross
amounιt ofsIαιh
roya:l1Jies.
3.
The term "'royalties" as used
ίη
,the
Artiίcle
means payments
οί
any kind received as as consi–
deration for tJhe use
<1f,
or tJhe I1ight
Ιο
use,
any
OOPY'fligbt
οί lIίιt:enιτy, al'1tisιtiίc
or scient:ific
wόrk
inc1uding
oinemaιtogmph
filmsand works recortl–
ed for brOIadoasting or
teleVΙΊ'sion,
any
paιιeot,
trade mark, design or model, plan, secret for–
mula or process, or
ίοτ
information conceming
indus't:Tial, oommercia:l or soientific expel'lience.
4.
Tne provisions
of
paragraph'S
laηd
2
shall
πο!
aJPply
irf
tJhe
bene~icial
owner
of
tlιe roya1~ies,
being 'a
residenιt οί
a
Sιtate,
oa:r:l'1ies
οη
business
ίn
the dtJher State
ίη whιiClh
the roya:lties
arιίse,
throιιgh
a
ρermanent estιaJb}ish,men't sίtuated
therein, or performs
ίη
that ot:her State indepen–
dent personal
serνices
from a fixed base situated
therein, and the right or
proρerty :ίη
respect
of
which the royalties are paid is effectively connect–
ed
wilth such perm1anent
~iIshment
or
ίίΧΟΟ
base.
Ιη
suoh case the
proνi'9ioDs
of
ATtJiole
7
or
ArtJicle
15,
as
th'e oase may
00,
s'haH apply.
5.
Rσyal!ties
Sihall be deemed to arise
ίη
a
State When the payer i's
that
Stalte
ίιn;eH,
a
terή
toI1ial aultJlrority, a po1itica'l
subdIiνision,
a
locaΙ
authbIity, a
~1altutory
oody
οτ
a resident of
that
St!aJte. W:here,
howeνer,
rhe person paying
the
royal'ties, W'haher he is a
residm
σf
a State or
not, has
ίη
a State a
ρermanent
establishment
ΟΓ
a
ίίΧΟΟ
ba'se with wh!ich the right
οτ
property
ίο
respect
οί
which the royalties are
paιίd,
is effecti–
vely oonnected, and suoh royalties aIre
bome
by
~uoh ρermanent
estab]jshmem or
flixed
base, then
such
royakieιs
shall be deemed
to
aI1ise
ίη
the
State
ίη whιίch
the permanent establi'shment or
~ίxOO
base is si·tuated.