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11 August 2016

Cyprus issues guidance on application of NID regime

The Cypriot Tax Department issued Circular 2016/10 on August 1 to provide significant clarifications regarding application of the Notional Interest Deduction regime. NID rules were introduced in 2015 and provide that corporate entities (including permanent establishments of foreign companies) will be entitled to a NID on their equity.

A Tax Alert prepared by EY's Global Tax Desk Network, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1382

Document ID: 2016-1382

 

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