The Cyprus Tax Department announced, on 14 February 2025, the issuance of the 10-year government bond yield rates as of 31 December 2024 for various countries related to the Notional Interest Deduction (NID) on equity.
These rates will determine the reference interest rate for claiming NID in the 2025 tax year.
The NID rate is determined by the 10-year government bond yield of the country where the assets funded by new equity are utilised (known as the reference rate), with an additional 5% increase.
The reference rates of each year are based on the rates as of 31 December of the previous tax year. The reference rate for Cyprus is set at 2.98% for 2025.
This reference rate table provides the reference rates for different countries for different years up to 31 December 2024.
