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%.
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%.
Should you like to further discuss the content and potential impact of the above to your business, please contact one of our trusted advisors from the Tax Department at KPMG in Cyprus.
George Markides
Board Member
Head of Tax Services
KPMG Limited
Costas Markides
Board Member
International Tax Services
KPMG Limited
Katia Papanicolaou
Board Member
Direct Tax Services
KPMG Limited
Michalis Loizides
Board Member
Tax Services
KPMG Limited
Michael Halios
Board Member
International Tax Services
KPMG Limited