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NOTIONAL INTEREST DEDUCTION ON NEW EQUITY

from 1 January 2015, the Government has introduced the Notional Interest Deduction (NID) regime on equity.

NID will be allowed on “new equity” funds introduced into a Cyprus Tax Resident company and which funds are used for the operations of the company. Foreign companies that maintain a Permanent establishment in the Republic can also benefit from this provision.

The NID will equal the multiple of “reference interest rate” and the “new equity”.

Download a Russian translation of the Article :  Удержание условного процента при новом капитале

 

 

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