Cyprus: Temporary reduction in interest levy
The government reduced the special levy on interest receivable from 30% to 17%.
The government reduced the special levy on interest receivable from 30% to 17%.
The government reduced the special levy on interest receivable from 30% to 17%.
The reduction is aimed at increasing the income of mainly middle-class households and medium-sized businesses with deposits.
Read a September 2023 report prepared by the KPMG member firm in Cyprus
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