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 on the rates as at 31 December of the preceding year.
Click the following link for the reference r…