How are pensions taxed under the Australia-Cyprus tax treaty?
Under the Australia-Cyprus tax treaty, private pensions are generally taxable only in the country of residence — meaning no withholding tax applies at source (0%). This is favorable for retirees who have moved between the two countries, as their pension income will not be subject to double taxation. Government pensions may have different rules under a separate treaty article. This 0% rate compares to a median of 0% across Australia's 48 active treaty partners, and 0% across Cyprus's 25 active partners.
Network Comparison
Australia
Rank 9 of 48 active treaties (lowest rate = #1)
Lower rates with: Switzerland (0%), Chile (0%), China (0%)
Higher rates with: Czech Republic (0%), Germany (0%), Denmark (0%)
Cyprus
Rank 2 of 25 active treaties (lowest rate = #1)
Lower rates with: Austria (0%)
Higher rates with: Belgium (0%), Canada (0%), Switzerland (0%)