Cyprus:
Amendment To The Special Defence Contribution Rate Applied On Interest Income
24 January 2024
C.Kounnis & Partners
To print this article, all you need is to be registered or login on Mondaq.com.
Amendment to the Special Defence Contribution rate applied on
interest income
On 20 December 2023, an amending law was published regarding the
Special Defence Contribution Law, which determines that the rate of
the Special Defence Contribution imposed on interest received by
residents in the Republic is reduced from 30% to 17%.
Originally published January 10, 2023.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from Cyprus
Extending 0% VAT On Certain Goods Until 30 June 2024
KPMG in Cyprus
On 19 April 2024, the Council of Ministers decided to further extend the temporary application of the zero VAT rate on specific goods, which previously fell under either the standard VAT rate of 19% or the reduced VAT rate of 5% (ΚΔΠ 138/2024).
Removal Of Cyprus From The Russian Tax "Blacklist"
Elias Neocleous & Co LLC
The long-awaited removal of Cyprus from the "List of the States and Territories providing preferential tax treatment and (or) not requiring disclosure and furnishing of the information upon conducting of financial transactions (offshore zones)" appended to Order 108n of the Ministry of Finance of the Russian Federation dated 13 November 2007 took effect from the beginning of 2013.
