Cyprus Publishes Panama and Ukraine Bond Yield Rates for Notional Interest Deduction

The Cyprus Tax Department has announced the publication of the 10-year government bond yield rates for Panama as at 31 December 2021 and for Ukraine as at 31 December 2020 and 31 December 2021. The rates, increased by 5%, represent the reference rate for determining the notional interest deduction (NID) for new equity investments. The reference rates for a particular year are determined based …
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