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Posts Tagged ‘Interest’

Reduction on tax rate applied on interest on corporate and other bonds

On 26 of May 2022, the Cyprus Parliament approved an important amendment to the Special Contribution for Defense (“SCD”) Law, for what concerns taxation of interest income.

Reference Interest Rates for 2022 for Notional Interest Deduction on New Equity

The Cyprus Tax Department published on 3 February 2022 the bond yield rates per country as at 31 December 2021 to be considered for the Notional Interest Deduction...

Cyprus and Germany Double Tax Treaty: Protocol Entered in to Force

The Protocol amending the Double Tax Treaty between Cyprus and Germany entered in to force on 8 December 2021.

Frequently Asked Questions on Back to Back Financing Arrangements

The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called Back to Back nature.

Withholdings on Dividend and Interest Payments – Extension of Deadline for Submission of Declarations

The Tax Department announced on 26 January 2022 that the deadline for electronic submission of the declarations for Special Contribution for Defense (SCD) and General Healthcare System (GHS) contributions...

Special Contribution for Defense and General Healthcare System Withheld on Dividend and Interest Payments

The deadline for electronic submission of the declarations for Special Contribution for Defense and General Healthcare System contributions withheld on...

Public Interest Rate for 2022

With a decree issued on 31 December 2021, the Minister of Finance of the Republic of Cyprus has kept the public interest rate for 2022 the same as in 2021, at 1.75%.

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