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Cyprus Publishes Chilean Bond Yield Rates for Notional Interest Deduction

|Approved Changes|Cyprus
Cyprus

The Cyprus Tax Department has announced the publication of the 10-year government bond yield rates for Chile as at 31 December 2019 and 31 December 2020, which are 3.093% and 2.650%, respectively. Separate bond rates for Chile are also provided USD and EUR. 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 on the rates as at 31 December of th…

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