23 February 2018

Cyprus Tax Authorities publish 10-year government bond yield rates for NID purposes

The Cypriot Tax Department issued an announcement on February 14, to inform taxpayers of the 10-year government bond yield rates as of December 31, 2017, for a number of countries regarding the Notional Interest Deduction (NID) regime. These yield rates shall be used to determine the reference interest rate for claiming NID in the 2018 tax year.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0410