The Cyprus Tax Department (CTD) announced the interest yields of
the 10-year government bonds for a number of countries as listed
below as at 31 December 2024. The interest yields of the 10-year
government bonds increased by 5%, represents their "reference
rate" for the purposes of granting tax allowance on new
capital as per article 9B of the Income Tax Law N.118(I)/2002, as
amended.
By way of background, the NID reference rate constitute the
interest rate of the 10 year government bond yield of the country
in which the new equity is invested (as at 31st December
of the previous tax year), increased by 5%.
NID reference rates are as follows:
|
31/12/2024
|
NID Reference Interest Rate 2025 |
