ARTICLE
19 January 2024

Reduction Of Special Defence Contribution Rate On Interest

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
Following the publication in the Government Gazette on 20 December 2023 of Law N.157(I)/2023 and with effect from 1 January 2024...
Cyprus Tax
To print this article, all you need is to be registered or login on Mondaq.com.

Following the publication in the Government Gazette on 20 December 2023 of Law N.157(I)/2023 and with effect from 1 January 2024, the Special Defence Contribution rate on interest received or credited by every person (individual and company) who is resident in the Republic is reduced from 30% to 17%.

Μείωση συντελεστή Έκτακτης Εισφοράς για την Άμυνα σε τόκους

Με ισχύ από 1 Ιανουαρίου 2024, δημοσιεύτηκε στην Επίσημη Εφημερίδα της Δημοκρατίας στις 20 Δεκεμβρίου 2023, ο Νόμος Ν.157(Ι)/2023 ο οποίος τροποποιεί τον συντελεστή Έκτακτης Εισφοράς για την Άμυνα που επιβάλλεται σε τόκους που λαμβάνει ή πιστώνεται κάθε πρόσωπο (άτομο και εταιρεία) που είναι κάτοικος στη Δημοκρατία από 30% σε 17%.

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.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More